Sumitomo Mitsui DS Asset Management Company Ltd Buys 28 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,037 shares of the medical instruments supplier’s stock after acquiring an additional 28 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mettler-Toledo International were worth $2,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MV Capital Management Inc. boosted its position in shares of Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after acquiring an additional 13 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter worth $27,000. Allworth Financial LP boosted its position in shares of Mettler-Toledo International by 100.0% during the fourth quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Mettler-Toledo International during the third quarter worth $43,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Mettler-Toledo International by 51.5% during the third quarter. EverSource Wealth Advisors LLC now owns 50 shares of the medical instruments supplier’s stock worth $55,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Activity

In other news, Director Elisha W. Finney sold 251 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the completion of the sale, the director now owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,233.25.

Mettler-Toledo International Trading Up 3.7 %

Shares of MTD opened at $1,243.29 on Wednesday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,574.26. The company has a market cap of $26.59 billion, a P/E ratio of 34.64, a P/E/G ratio of 3.28 and a beta of 1.15. The company’s fifty day simple moving average is $1,271.52 and its 200-day simple moving average is $1,174.10.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing the consensus estimate of $10.32 by ($0.92). Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The firm had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. During the same period in the prior year, the company posted $12.10 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. Analysts predict that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

About Mettler-Toledo International

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.