Okabena Investment Services Inc. Purchases Shares of 175 Mettler-Toledo International Inc. (NYSE:MTD)

Okabena Investment Services Inc. acquired a new position in Mettler-Toledo International Inc. (NYSE:MTD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 175 shares of the medical instruments supplier’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTD. Allstate Corp purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $764,000. DnB Asset Management AS raised its holdings in shares of Mettler-Toledo International by 2.8% during the fourth quarter. DnB Asset Management AS now owns 4,039 shares of the medical instruments supplier’s stock valued at $4,942,000 after acquiring an additional 109 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Mettler-Toledo International by 14.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 12,654 shares of the medical instruments supplier’s stock worth $15,484,000 after acquiring an additional 1,591 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Mettler-Toledo International by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,489 shares of the medical instruments supplier’s stock valued at $10,388,000 after acquiring an additional 30 shares in the last quarter. Finally, Norges Bank purchased a new position in Mettler-Toledo International during the 4th quarter valued at $372,954,000. Institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of Mettler-Toledo International 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 $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value 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 trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Down 1.4 %

Shares of MTD stock opened at $1,176.04 on Friday. The firm has a market capitalization of $24.51 billion, a PE ratio of 29.02, a P/E/G ratio of 3.30 and a beta of 1.15. The company has a 50 day moving average price of $1,283.84 and a 200-day moving average price of $1,304.14. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MTD shares. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Robert W. Baird upped their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company. Citigroup reduced 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. Finally, Wells Fargo & Company raised their price objective 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,380.50.

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.