PineStone Asset Management Inc. Has $207.32 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

PineStone Asset Management Inc. boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 169,420 shares of the medical instruments supplier's stock after purchasing an additional 3,914 shares during the period. Mettler-Toledo International comprises approximately 1.9% of PineStone Asset Management Inc.'s portfolio, making the stock its 19th largest position. PineStone Asset Management Inc. owned 0.80% of Mettler-Toledo International worth $207,316,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC grew its stake in shares of Mettler-Toledo International by 2,300.0% in the third quarter. Exchange Traded Concepts LLC now owns 144 shares of the medical instruments supplier's stock worth $216,000 after acquiring an additional 138 shares in the last quarter. Creative Planning grew its stake in shares of Mettler-Toledo International by 2.3% in the third quarter. Creative Planning now owns 2,761 shares of the medical instruments supplier's stock worth $4,141,000 after acquiring an additional 63 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Mettler-Toledo International by 1.2% in the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier's stock worth $1,135,000 after acquiring an additional 9 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Mettler-Toledo International by 7.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,233 shares of the medical instruments supplier's stock worth $3,349,000 after acquiring an additional 162 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of Mettler-Toledo International by 4.1% in the third quarter. V Square Quantitative Management LLC now owns 505 shares of the medical instruments supplier's stock worth $757,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This represents a 99.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. 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 research note on Monday, February 10th. 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 for the company in a report on Monday, November 11th. Robert W. Baird boosted 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. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Citigroup upgraded shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their target price for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,368.00.

Mettler-Toledo International Trading Up 2.5 %

Mettler-Toledo International stock traded up $32.04 during midday trading on Wednesday, reaching $1,305.22. 151,884 shares of the stock traded hands, compared to its average volume of 137,734. The firm has a fifty day moving average price of $1,284.19 and a two-hundred day moving average price of $1,334.52. The firm has a market cap of $27.31 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.22 and a beta of 1.13. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two 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 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%. Analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

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.