SG Americas Securities LLC Buys 5,673 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

SG Americas Securities LLC increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 458.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,911 shares of the medical instruments supplier’s stock after buying an additional 5,673 shares during the quarter. SG Americas Securities LLC’s holdings in Mettler-Toledo International were worth $8,457,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of Mettler-Toledo International by 149,870.0% during the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock worth $134,946,000 after buying an additional 89,922 shares in the last quarter. Seilern Investment Management Ltd acquired a new stake in Mettler-Toledo International during the 4th quarter valued at $89,221,000. Canoe Financial LP raised its position in Mettler-Toledo International by 576.5% in the 4th quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock valued at $67,936,000 after purchasing an additional 47,311 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Mettler-Toledo International by 610.4% in the third quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock worth $50,183,000 after purchasing an additional 28,752 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Mettler-Toledo International by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock worth $332,634,000 after purchasing an additional 28,478 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MTD. Evercore ISI raised Mettler-Toledo International from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating for the company. Stifel Nicolaus decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Robert W. Baird lowered their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. One investment 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 company has a consensus rating of “Hold” and an average price target of $1,351.25.

Insider Activity

In other news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares in the company, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Up 0.8 %

NYSE MTD opened at $1,335.76 on Friday. Mettler-Toledo International Inc. has a 12 month low of $1,133.46 and a 12 month high of $1,546.93. The company has a market capitalization of $28.19 billion, a PE ratio of 36.01, a P/E/G ratio of 4.19 and a beta of 1.12. The stock has a 50-day simple moving average of $1,245.04 and a 200 day simple moving average of $1,343.30.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Mettler-Toledo International Company 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.