OFI Invest Asset Management Takes $727,000 Position in Mettler-Toledo International Inc. (NYSE:MTD)

OFI Invest Asset Management bought a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 615 shares of the medical instruments supplier’s stock, valued at approximately $727,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Atlantic Union Bankshares Corp raised its stake in Mettler-Toledo International by 0.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock worth $2,549,000 after acquiring an additional 10 shares during the period. Larson Financial Group LLC raised its stake in Mettler-Toledo International by 6.6% during the fourth quarter. Larson Financial Group LLC now owns 305 shares of the medical instruments supplier’s stock worth $373,000 after acquiring an additional 19 shares during the period. PNC Financial Services Group Inc. raised its stake in Mettler-Toledo International by 34.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,588 shares of the medical instruments supplier’s stock worth $12,956,000 after acquiring an additional 2,705 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in Mettler-Toledo International by 14.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,070 shares of the medical instruments supplier’s stock worth $16,103,000 after acquiring an additional 1,629 shares during the period. Finally, Andra AP fonden raised its stake in Mettler-Toledo International by 15.6% during the fourth quarter. Andra AP fonden now owns 15,600 shares of the medical instruments supplier’s stock worth $19,089,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of several research reports. Robert W. Baird increased their price objective on shares of 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. 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. Wells Fargo & Company upped their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Evercore ISI upped 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, Stifel Nicolaus decreased their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,380.50.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,292.69 on Monday. The firm has a 50 day simple moving average of $1,293.77 and a 200-day simple moving average of $1,323.34. The stock has a market capitalization of $27.04 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal 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.