Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,987 shares of the medical instruments supplier’s stock after purchasing an additional 40 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Mettler-Toledo International were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in shares of Mettler-Toledo International by 43.1% during the 3rd quarter. Cerity Partners LLC now owns 3,218 shares of the medical instruments supplier’s stock valued at $4,826,000 after purchasing an additional 970 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Mettler-Toledo International by 10.9% during the third quarter. Larson Financial Group LLC now owns 286 shares of the medical instruments supplier’s stock worth $429,000 after buying an additional 28 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Mettler-Toledo International by 36.4% during the third quarter. Daiwa Securities Group Inc. now owns 4,733 shares of the medical instruments supplier’s stock worth $7,099,000 after buying an additional 1,263 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Mettler-Toledo International by 0.9% in the third quarter. The Manufacturers Life Insurance Company now owns 22,459 shares of the medical instruments supplier’s stock valued at $33,680,000 after buying an additional 193 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Mettler-Toledo International in the third quarter valued at $118,000. Institutional investors own 95.07% of the company’s stock.

Insider Activity

In other news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christian Magloth sold 790 shares of the company’s stock in a transaction 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 owns 734 shares of the company’s stock, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTD. Robert W. Baird raised their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Citigroup dropped their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. Evercore ISI lifted their target price on shares of 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, Wells Fargo & Company upped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,380.50.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,196.01 on Wednesday. The company has a 50 day simple moving average of $1,290.07 and a 200-day simple moving average of $1,307.18. Mettler-Toledo International Inc. has a 52-week low of $1,142.91 and a 52-week high of $1,546.93. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data 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 591.54% and a net margin of 22.29%. On average, analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS 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.