Asset Management One Co. Ltd. Cuts Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Asset Management One Co. Ltd. reduced its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,609 shares of the medical instruments supplier's stock after selling 936 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.08% of Mettler-Toledo International worth $21,734,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MTD. International Assets Investment Management LLC increased its position in Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock valued at $134,946,000 after purchasing an additional 89,922 shares during the period. Seilern Investment Management Ltd purchased a new stake in shares of Mettler-Toledo International in the 4th quarter worth about $89,221,000. Canoe Financial LP grew its position in shares of Mettler-Toledo International by 576.5% in the 4th quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier's stock worth $67,936,000 after buying an additional 47,311 shares during the period. Retirement Systems of Alabama grew its position in shares of Mettler-Toledo International by 610.4% in the 3rd quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier's stock worth $50,183,000 after buying an additional 28,752 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Mettler-Toledo International by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock worth $332,634,000 after buying an additional 28,478 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD traded up $32.04 during trading on Wednesday, hitting $1,305.22. The company's stock had a trading volume of 151,415 shares, compared to its average volume of 137,467. The company has a 50-day moving average of $1,284.19 and a 200-day moving average of $1,334.52. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The firm has a market cap of $27.31 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 3.22 and a beta of 1.13.

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

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares of the company's stock, valued at $7,524.54. This trade represents a 95.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.94% of the company's stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of recent research reports. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating on the stock. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Stifel Nicolaus lowered 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 research note on Monday, November 11th. Citigroup upgraded shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their target price for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company upped 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 note on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Mettler-Toledo International has an average rating of "Hold" and a consensus price target of $1,368.00.

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.