TD Asset Management Inc. Purchases 5,679 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

TD Asset Management Inc. boosted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,558 shares of the medical instruments supplier's stock after buying an additional 5,679 shares during the period. TD Asset Management Inc. owned 0.75% of Mettler-Toledo International worth $194,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Mettler-Toledo International in the fourth quarter valued at $163,216,000. Seilern Investment Management Ltd acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $89,221,000. AustralianSuper Pty Ltd boosted its holdings in Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier's stock worth $87,705,000 after buying an additional 69,490 shares in the last quarter. Canoe Financial LP increased its holdings in Mettler-Toledo International by 576.5% in the fourth quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier's stock valued at $67,936,000 after buying an additional 47,311 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in shares of Mettler-Toledo International by 4,357.4% in the 4th quarter. Wealthfront Advisers LLC now owns 35,258 shares of the medical instruments supplier's stock worth $43,145,000 after acquiring an additional 34,467 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

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Mettler-Toledo International Trading Down 1.4 %

MTD stock traded down $17.29 during mid-day trading on Friday, hitting $1,176.04. 117,497 shares of the company were exchanged, compared to its average volume of 131,530. 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 $24.51 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. The firm has a fifty day simple moving average of $1,283.84 and a 200 day simple moving average of $1,303.51.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Transactions at Mettler-Toledo International

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

Wall Street Analyst Weigh In

Several research firms recently commented on MTD. Wells Fargo & Company boosted their price objective 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, February 10th. Citigroup lowered their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Evercore ISI boosted their price target 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 assumed coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating for the company. Finally, Robert W. Baird lifted their target price on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.