Voloridge Investment Management LLC Has $72.72 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Voloridge Investment Management LLC increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,429 shares of the medical instruments supplier’s stock after acquiring an additional 8,411 shares during the quarter. Voloridge Investment Management LLC’s holdings in Mettler-Toledo International were worth $72,722,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MTD. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International in the fourth quarter worth about $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International during the 4th quarter valued at about $44,000. Blue Trust Inc. boosted 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 purchasing an additional 17 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC grew its position in shares of Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Robert W. Baird cut 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. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and dropped their target price for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Wells Fargo & Company lifted their price objective 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. Finally, Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective for the company in a report on Monday, April 7th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,302.11.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of the 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 transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Up 2.3%

Shares of MTD stock opened at $1,185.46 on Wednesday. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The firm has a fifty day moving average of $1,105.55 and a 200-day moving average of $1,216.11. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

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