Jump Financial LLC Makes New Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Jump Financial LLC acquired a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,800 shares of the medical instruments supplier’s stock, valued at approximately $3,426,000.

Several other hedge funds have also recently made changes to their positions in the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Mettler-Toledo International during the 4th quarter worth approximately $29,969,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of Mettler-Toledo International during the fourth quarter worth $3,037,000. Promethos Capital LLC raised its holdings in shares of Mettler-Toledo International by 3.5% during the fourth quarter. Promethos Capital LLC now owns 1,770 shares of the medical instruments supplier’s stock worth $2,166,000 after purchasing an additional 60 shares during the last quarter. XTX Topco Ltd lifted its position in Mettler-Toledo International by 656.8% during the fourth quarter. XTX Topco Ltd now owns 1,506 shares of the medical instruments supplier’s stock valued at $1,843,000 after purchasing an additional 1,307 shares during the period. Finally, Barr E S & Co. boosted its holdings in Mettler-Toledo International by 4.9% in the fourth quarter. Barr E S & Co. now owns 9,280 shares of the medical instruments supplier’s stock valued at $11,356,000 after purchasing an additional 433 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MTD. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective for the company in a report on Monday, April 7th. Wells Fargo & Company lowered their price objective on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating on the stock in a research report on Thursday. Robert W. Baird lifted their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Evercore ISI increased 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 report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,346.13.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now directly owns 6 shares in the company, 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. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,004.72 on Friday. The company’s fifty day moving average price is $1,191.96 and its 200 day moving average price is $1,264.86. The stock has a market capitalization of $20.94 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (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%. Sell-side analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

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.