Edgestream Partners L.P. Increases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Edgestream Partners L.P. increased its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 78.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,829 shares of the medical instruments supplier's stock after purchasing an additional 2,567 shares during the period. Edgestream Partners L.P.'s holdings in Mettler-Toledo International were worth $7,133,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MTD. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $33,000. Ashton Thomas Securities LLC bought a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $37,000. Blue Trust Inc. raised its stake in shares of Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after purchasing an additional 17 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC boosted its position in shares of Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Activity

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

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Mettler-Toledo International Stock Performance

MTD traded down $51.20 during trading on Tuesday, reaching $1,243.20. The stock had a trading volume of 196,004 shares, compared to its average volume of 141,517. The business has a 50-day moving average of $1,295.29 and a 200-day moving average of $1,322.43. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93. The stock has a market cap of $26.00 billion, a PE ratio of 30.67, a PEG ratio of 3.30 and a beta of 1.15.

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 EPS for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MTD shares. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a "peer perform" rating on the stock. Citigroup reduced 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 note on Tuesday, March 4th. Wells Fargo & Company increased their target price 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 report on Monday, February 10th. Stifel Nicolaus lowered their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Finally, Robert W. Baird increased their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a report on Monday, February 10th. One equities 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 company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $1,380.50.

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.