Financiere des Professionnels Fonds d investissement inc. Increases Position in Mettler-Toledo International Inc. (NYSE:MTD)

Financiere des Professionnels Fonds d investissement inc. lifted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 68.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,571 shares of the medical instruments supplier's stock after purchasing an additional 2,272 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Mettler-Toledo International were worth $6,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. DT Investment Partners LLC raised its stake in Mettler-Toledo International by 13.3% during the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier's stock valued at $102,000 after purchasing an additional 8 shares during the period. Bleakley Financial Group LLC raised its position in shares of Mettler-Toledo International by 1.2% during the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier's stock valued at $1,135,000 after buying an additional 9 shares during the last quarter. Suncoast Equity Management raised its position in shares of Mettler-Toledo International by 2.0% during the third quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier's stock valued at $690,000 after buying an additional 9 shares during the last quarter. Huntington National Bank increased its holdings in Mettler-Toledo International by 20.0% in the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier's stock valued at $81,000 after acquiring an additional 9 shares during the last quarter. Finally, Townsquare Capital LLC increased its holdings in Mettler-Toledo International by 2.0% in the 3rd quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier's stock valued at $693,000 after acquiring an additional 9 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Down 0.1 %

NYSE:MTD traded down $0.69 during mid-day trading on Thursday, hitting $1,302.24. 141,332 shares of the stock traded hands, compared to its average volume of 137,840. The stock has a market capitalization of $27.24 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.23 and a beta of 1.13. The firm's 50 day moving average is $1,284.88 and its two-hundred day moving average is $1,334.32. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTD. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Stifel Nicolaus reduced their target price 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. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Finally, Citigroup raised Mettler-Toledo International from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $1,368.00.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the company's stock in a transaction dated 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 transaction, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.94% of the stock is currently owned by insiders.

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.