Bell Asset Management Ltd Has $4.98 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Bell Asset Management Ltd boosted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 37.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,073 shares of the medical instruments supplier's stock after purchasing an additional 1,116 shares during the period. Bell Asset Management Ltd's holdings in Mettler-Toledo International were worth $4,984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $44,000. Blue Trust Inc. lifted its stake in shares of Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares during the period. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth about $54,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after purchasing an additional 45 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Remove Ads

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded up $43.57 during midday trading on Friday, hitting $1,041.26. The company's stock had a trading volume of 324,135 shares, compared to its average volume of 138,835. The company has a 50-day moving average price of $1,217.84 and a two-hundred day moving average price of $1,275.83. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.30 and a beta of 1.28.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a research note on Monday, April 7th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating for the company. Wells Fargo & Company boosted 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 report on Monday, February 10th. Robert W. Baird boosted their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Finally, 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 research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1,380.50.

About Mettler-Toledo International

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.