Entropy Technologies LP Acquires New Shares in Mettler-Toledo International Inc. (NYSE:MTD)

Entropy Technologies LP purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,251 shares of the medical instruments supplier's stock, valued at approximately $1,531,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DT Investment Partners LLC increased its stake in Mettler-Toledo International by 13.3% during the third quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier's stock valued at $102,000 after acquiring an additional 8 shares during the period. UMB Bank n.a. increased its stake in Mettler-Toledo International by 8.0% during the third quarter. UMB Bank n.a. now owns 122 shares of the medical instruments supplier's stock valued at $183,000 after acquiring an additional 9 shares during the period. Suncoast Equity Management boosted its holdings in Mettler-Toledo International by 2.0% during the third quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier's stock valued at $690,000 after purchasing an additional 9 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Mettler-Toledo International by 1.2% during the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier's stock valued at $1,135,000 after purchasing an additional 9 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier's stock valued at $81,000 after purchasing an additional 9 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTD has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a report on Monday. Citigroup raised Mettler-Toledo International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a report on Monday. Wolfe Research initiated coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating on the stock. Finally, Evercore ISI boosted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and a consensus price target of $1,368.00.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Down 1.1 %

NYSE:MTD traded down $14.77 during trading hours on Thursday, hitting $1,297.83. 138,660 shares of the stock were exchanged, compared to its average volume of 138,968. The company's 50 day moving average is $1,282.98 and its two-hundred day moving average is $1,341.42. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The company has a market capitalization of $27.15 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. On average, equities research analysts expect that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.