Quantbot Technologies LP Acquires New Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Quantbot Technologies LP bought a new stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,106 shares of the medical instruments supplier's stock, valued at approximately $2,577,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTD. SBI Securities Co. Ltd. acquired a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $33,000. Blue Trust Inc. raised its holdings in shares of Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after purchasing an additional 17 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the fourth quarter worth $54,000. Sound Income Strategies LLC boosted its holdings in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after purchasing an additional 45 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after purchasing an additional 8 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Evercore ISI raised their target price 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. Robert W. Baird raised their target price 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. Wells Fargo & Company increased 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. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating for the company. Finally, Citigroup lowered their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1,380.50.

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Insider Activity at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the business's stock in a transaction 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 600 shares of the business'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 of the company's stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Trading Up 0.4 %

MTD stock traded up $5.07 during trading on Thursday, reaching $1,196.10. 95,000 shares of the stock were exchanged, compared to its average volume of 127,358. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The firm's 50 day moving average is $1,288.27 and its 200 day moving average is $1,306.35. The firm has a market cap of $24.93 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly 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, analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal 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.