Mufg Securities Americas Inc. Makes New $382,000 Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Mufg Securities Americas Inc. bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 312 shares of the medical instruments supplier’s stock, valued at approximately $382,000.

A number of other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in 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 purchasing an additional 8 shares during the last quarter. M3 Advisory Group LLC increased its stake in Mettler-Toledo International by 5.8% during the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock worth $202,000 after acquiring an additional 9 shares during the last quarter. Apollon Wealth Management LLC increased its stake in Mettler-Toledo International by 2.5% during the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock worth $451,000 after acquiring an additional 9 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Mettler-Toledo International by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock worth $374,000 after acquiring an additional 9 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its stake in Mettler-Toledo International by 0.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock worth $2,549,000 after acquiring an additional 10 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 1.4%

Shares of NYSE MTD opened at $1,158.93 on Friday. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The business has a 50 day moving average price of $1,107.03 and a two-hundred day moving average price of $1,218.69. The firm has a market cap of $24.09 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm had revenue of $883.74 million during the quarter, compared to analyst estimates of $876.61 million. During the same quarter last year, the firm earned $8.89 EPS. Mettler-Toledo International’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MTD shares. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target for the company in a research note on Monday, April 7th. Robert W. Baird dropped their price target 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. Wells Fargo & Company upped their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Evercore ISI upped their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group raised Mettler-Toledo International from an “underperform” rating to a “hold” rating and decreased their target price for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,296.13.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International 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 value of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is owned by 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.