Hillsdale Investment Management Inc. Makes New Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Hillsdale Investment Management Inc. bought a new position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 610 shares of the medical instruments supplier's stock, valued at approximately $746,000.

A number of other institutional investors also recently bought and sold shares of the company. Mizuho Securities USA LLC grew its position in shares of Mettler-Toledo International by 45.3% during 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 acquiring an additional 624 shares during the period. Quantbot Technologies LP purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $2,577,000. Beddow Capital Management Inc. increased its stake in shares of Mettler-Toledo International by 37.5% in the fourth quarter. Beddow Capital Management Inc. now owns 1,125 shares of the medical instruments supplier's stock worth $1,377,000 after purchasing an additional 307 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Mettler-Toledo International by 9.1% during the 4th quarter. TD Private Client Wealth LLC now owns 203 shares of the medical instruments supplier's stock valued at $248,000 after purchasing an additional 17 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Mettler-Toledo International during the 4th quarter valued at $437,000. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Shares of MTD traded up $5.07 during midday trading on Thursday, hitting $1,196.10. The stock had a trading volume of 95,000 shares, compared to its average volume of 127,358. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The stock's 50 day moving average is $1,288.27 and its 200 day moving average is $1,306.35. The firm has a market cap of $24.93 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

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

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated 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 completion of the sale, the insider now owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 790 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MTD shares. Robert W. Baird lifted their target price on 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. Citigroup dropped their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Evercore ISI lifted 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, February 10th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating on the stock. Finally, Wells Fargo & Company upped their price target on shares of 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. 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1,380.50.

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.