Voya Investment Management LLC Has $56.79 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Voya Investment Management LLC lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 600.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,413 shares of the medical instruments supplier's stock after acquiring an additional 39,786 shares during the period. Voya Investment Management LLC owned approximately 0.22% of Mettler-Toledo International worth $56,794,000 as of its most recent filing with the SEC.

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

Insider Activity

In other news, insider Gerry Keller sold 600 shares of the company's 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 sale, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. This represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on 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 transaction, the insider now directly owns 734 shares of the company's stock, valued at $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

NYSE MTD traded up $3.82 during trading hours on Tuesday, reaching $1,065.28. The company's stock had a trading volume of 210,822 shares, compared to its average volume of 143,976. The firm has a fifty day simple moving average of $1,155.16 and a 200-day simple moving average of $1,241.13. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The stock has a market cap of $22.20 billion, a P/E ratio of 26.28, a P/E/G ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share 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%. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Evercore ISI lifted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Robert W. Baird lowered their target price on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,304.25.

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.