Loomis Sayles & Co. L P Buys 10,878 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Loomis Sayles & Co. L P increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 220,780 shares of the medical instruments supplier’s stock after acquiring an additional 10,878 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Mettler-Toledo International were worth $270,164,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $33,000. Blue Trust Inc. boosted its stake in 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 period. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International in the 4th quarter valued at $54,000. Sound Income Strategies LLC increased its position in 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 buying an additional 45 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of 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 acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MTD shares. Evercore ISI lifted their price objective 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. Robert W. Baird raised their target price on 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. Wells Fargo & Company lifted 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. Citigroup lowered their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating on the stock. One 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,380.50.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,188.98 on Thursday. The firm has a market cap of $24.78 billion, a P/E ratio of 29.34, a P/E/G ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93. The firm’s fifty day moving average is $1,288.27 and its 200 day moving average is $1,306.35.

Mettler-Toledo International (NYSE:MTD) 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 forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 790 shares of the business’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 trade represents a 51.84 % 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 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.