PineStone Asset Management Inc. Boosts Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

PineStone Asset Management Inc. boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 169,420 shares of the medical instruments supplier’s stock after purchasing an additional 3,914 shares during the period. Mettler-Toledo International makes up 1.9% of PineStone Asset Management Inc.’s portfolio, making the stock its 19th largest position. PineStone Asset Management Inc.’s holdings in Mettler-Toledo International were worth $207,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in Mettler-Toledo International by 4.9% in the fourth quarter. Rhumbline Advisers now owns 59,436 shares of the medical instruments supplier’s stock valued at $72,731,000 after purchasing an additional 2,780 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Mettler-Toledo International by 3,183.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock valued at $87,705,000 after buying an additional 69,490 shares during the last quarter. Campbell Wealth Management bought a new position in shares of Mettler-Toledo International during the 4th quarter worth $608,000. V Square Quantitative Management LLC increased its holdings in Mettler-Toledo International by 3.4% in the 4th quarter. V Square Quantitative Management LLC now owns 522 shares of the medical instruments supplier’s stock worth $639,000 after acquiring an additional 17 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Mettler-Toledo International by 1.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,255 shares of the medical instruments supplier’s stock valued at $1,532,000 after acquiring an additional 15 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on MTD. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Stifel Nicolaus dropped their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company lifted their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Finally, Evercore ISI increased their price objective on 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, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,368.00.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 140 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. This represents a 95.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,273.44 on Friday. Mettler-Toledo International Inc. has a 52-week low of $1,142.91 and a 52-week high of $1,546.93. The business’s fifty day moving average is $1,283.97 and its 200 day moving average is $1,341.12. The company has a market capitalization of $26.87 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 41.94 EPS for the current fiscal 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.