Mirae Asset Global Investments Co. Ltd. Has $2.71 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Mirae Asset Global Investments Co. Ltd. raised its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,196 shares of the medical instruments supplier's stock after acquiring an additional 504 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Mettler-Toledo International were worth $2,705,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MTD. Blue Trust Inc. increased its stake in shares of Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after purchasing an additional 17 shares during the period. Ashton Thomas Securities LLC acquired a new position in Mettler-Toledo International in the 3rd quarter valued at $37,000. Sound Income Strategies LLC increased its position in Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after buying an additional 45 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of Mettler-Toledo International by 272.7% during the third quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier's stock worth $61,000 after buying an additional 30 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Mettler-Toledo International by 60.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier's stock worth $72,000 after buying an additional 18 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the company'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 completion of the transaction, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Stock Down 1.1 %

Shares of MTD traded down $14.77 during midday trading on Thursday, hitting $1,297.83. The company's stock had a trading volume of 138,660 shares, compared to its average volume of 138,968. 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 capitalization of $27.15 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. The company's fifty day simple moving average is $1,282.98 and its two-hundred day simple moving average is $1,341.42.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 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, research analysts predict that Mettler-Toledo International Inc. will post 41.94 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.