Fox Run Management L.L.C. Purchases Shares of 260 Mettler-Toledo International Inc. (NYSE:MTD)

Fox Run Management L.L.C. bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 260 shares of the medical instruments supplier's stock, valued at approximately $318,000.

Other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in shares of Mettler-Toledo International in the fourth quarter worth $19,069,000. Hillsdale Investment Management Inc. acquired a new stake in Mettler-Toledo International during the fourth quarter worth about $746,000. Mizuho Securities USA LLC increased its holdings in Mettler-Toledo International by 45.3% in the 4th quarter. Mizuho Securities USA LLC now owns 2,000 shares of the medical instruments supplier's stock valued at $2,447,000 after buying an additional 624 shares during the period. Quantbot Technologies LP acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at approximately $2,577,000. Finally, Beddow Capital Management Inc. lifted its holdings in shares of Mettler-Toledo International by 37.5% during the 4th quarter. Beddow Capital Management Inc. now owns 1,125 shares of the medical instruments supplier's stock worth $1,377,000 after acquiring an additional 307 shares during the period. 95.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gerry Keller sold 600 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. The trade was a 99.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MTD shares. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Evercore ISI lifted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Citigroup dropped their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company raised 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 research note on Monday, February 10th. Finally, Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,380.50.

Mettler-Toledo International Stock Down 1.4 %

Shares of NYSE MTD traded down $17.29 during trading on Friday, reaching $1,176.04. The company had a trading volume of 117,497 shares, compared to its average volume of 131,530. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The stock has a market cap of $24.51 billion, a P/E ratio of 29.02, a PEG ratio of 3.30 and a beta of 1.15. The company's fifty day moving average price is $1,283.84 and its 200-day moving average price is $1,303.51.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results 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 net margin of 22.29% and a negative return on equity of 591.54%. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Mettler-Toledo International Company 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.