BLI Banque de Luxembourg Investments Purchases New Position in Mettler-Toledo International Inc. (NYSE:MTD)

BLI Banque de Luxembourg Investments purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,900 shares of the medical instruments supplier's stock, valued at approximately $10,867,000.

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

Mettler-Toledo International Price Performance

Shares of MTD stock traded down $27.06 on Tuesday, reaching $1,064.07. 188,365 shares of the stock were exchanged, compared to its average volume of 146,220. The stock has a 50 day moving average price of $1,129.03 and a 200 day moving average price of $1,228.33. The stock has a market cap of $22.18 billion, a PE ratio of 26.25, a P/E/G ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The business had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same period in the prior year, the business posted $8.89 earnings per share. Mettler-Toledo International's revenue was down 4.6% compared to the same quarter last year. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday. Robert W. Baird reduced their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price objective for the stock from $1,200.00 to $1,110.00 in a report on Monday. 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. Finally, Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a research note on Monday, April 7th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $1,296.13.

Insider Buying and Selling

In related news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated 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 sale, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 6 shares of the company's stock, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

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.