Mettler-Toledo International, Inc. $MTD Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 19.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,707 shares of the medical instruments supplier’s stock after purchasing an additional 616 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Mettler-Toledo International were worth $5,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Mettler-Toledo International by 5.1% during the 4th quarter. CWM LLC now owns 1,015 shares of the medical instruments supplier’s stock worth $1,415,000 after purchasing an additional 49 shares during the last quarter. Childress Capital Advisors LLC acquired a new stake in Mettler-Toledo International during the 4th quarter worth $208,000. KBC Group NV boosted its stake in Mettler-Toledo International by 22.9% during the 4th quarter. KBC Group NV now owns 8,089 shares of the medical instruments supplier’s stock worth $11,278,000 after purchasing an additional 1,507 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Mettler-Toledo International by 12.8% during the 4th quarter. Farther Finance Advisors LLC now owns 132 shares of the medical instruments supplier’s stock worth $184,000 after purchasing an additional 15 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in Mettler-Toledo International by 3.5% during the 4th quarter. Assetmark Inc. now owns 769 shares of the medical instruments supplier’s stock worth $1,072,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. Jefferies Financial Group raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mettler-Toledo International in a research report on Monday, December 29th. Wall Street Zen raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Barclays lowered their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Mettler-Toledo International has an average rating of “Moderate Buy” and a consensus target price of $1,459.58.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the sale, the chief financial officer directly owned 5,288 shares in the company, valued at approximately $7,456,714.56. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.71% of the company’s stock.

Mettler-Toledo International Trading Up 0.1%

Shares of MTD opened at $1,325.72 on Wednesday. The firm has a market cap of $26.85 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 2.78 and a beta of 1.43. Mettler-Toledo International, Inc. has a 12-month low of $982.02 and a 12-month high of $1,525.17. The company’s 50-day moving average price is $1,293.68 and its 200 day moving average price is $1,369.75.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.76 by $0.60. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. Mettler-Toledo International’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $12.41 EPS. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 46.51 earnings per share for the current year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.