Schroder Investment Management Group Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Schroder Investment Management Group grew its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,475 shares of the medical instruments supplier's stock after buying an additional 11,789 shares during the period. Schroder Investment Management Group owned 0.28% of Mettler-Toledo International worth $72,555,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MTD. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International in the fourth quarter valued at approximately $33,000. Blue Trust Inc. lifted its stake in shares of Mettler-Toledo International by 70.8% in the 4th 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 acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $54,000. Sound Income Strategies LLC grew its holdings in shares of Mettler-Toledo International by 4,500.0% during the 4th 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 period. Finally, Farther Finance Advisors LLC increased its position in shares of Mettler-Toledo International by 14.3% during the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have weighed in on MTD. Evercore ISI increased their target price 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. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating for the company. Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Robert W. Baird upped their price target on 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. Finally, Citigroup dropped their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. One equities research 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 data from MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and an average target price of $1,380.50.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock traded down $73.27 during trading hours on Friday, reaching $1,021.97. 424,774 shares of the company were exchanged, compared to its average volume of 133,519. The firm has a market cap of $21.30 billion, a PE ratio of 25.22, a PEG ratio of 3.30 and a beta of 1.28. The stock's fifty day moving average is $1,264.13 and its 200 day moving average is $1,294.45. Mettler-Toledo International Inc. has a 1 year low of $1,000.72 and a 1 year high of $1,546.93.

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 earnings per share (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%. Research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the company's stock in a transaction that occurred 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 directly owns 6 shares of the company's stock, valued at $8,108.04. This trade represents 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 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.