Bessemer Group Inc. Has $7.48 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Bessemer Group Inc. boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,113 shares of the medical instruments supplier’s stock after purchasing an additional 120 shares during the quarter. Bessemer Group Inc.’s holdings in Mettler-Toledo International were worth $7,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International in the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $44,000. Blue Trust Inc. increased its stake in 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 acquiring an additional 17 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC lifted its stake 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. Institutional investors own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the firm’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 transaction 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 trade represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christian Magloth sold 790 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MTD. Citigroup upgraded 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. Robert W. Baird lifted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. 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 report on Monday, February 10th. Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company increased their price objective 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, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,380.50.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,041.26 on Friday. The company has a 50 day simple moving average of $1,217.84 and a 200 day simple moving average of $1,275.83. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The firm has a market cap of $21.70 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping analysts’ consensus estimates 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 fiscal year.

About Mettler-Toledo International

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.