Siemens Fonds Invest GmbH Has $3.10 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Siemens Fonds Invest GmbH boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 997.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,536 shares of the medical instruments supplier’s stock after acquiring an additional 2,305 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Mettler-Toledo International were worth $3,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $44,000. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $54,000. Finally, Menard Financial Group LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $67,000. Institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Robert W. Baird lowered their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Citigroup upgraded shares of 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 report on Monday, April 7th. Jefferies Financial Group raised shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and dropped their price objective for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, May 5th. 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. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and an average target price of $1,302.11.

Mettler-Toledo International Stock Up 4.3%

Mettler-Toledo International stock opened at $1,161.84 on Wednesday. The business has a 50-day simple moving average of $1,096.19 and a two-hundred day simple moving average of $1,207.71. The company has a market cap of $24.15 billion, a P/E ratio of 28.67, a P/E/G ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) 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 company had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. During the same period in the previous year, the company posted $8.89 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. Research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Mettler-Toledo International 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.