BLI Banque de Luxembourg Investments Buys Shares of 8,900 Mettler-Toledo International Inc. (NYSE:MTD)

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

Several other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in Mettler-Toledo International by 28.1% during the fourth quarter. BNP Paribas Financial Markets now owns 47,295 shares of the medical instruments supplier's stock valued at $57,874,000 after purchasing an additional 10,388 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Mettler-Toledo International by 9.8% in the fourth quarter. Ameriprise Financial Inc. now owns 70,935 shares of the medical instruments supplier's stock worth $86,802,000 after acquiring an additional 6,312 shares in the last quarter. Algert Global LLC lifted its position in Mettler-Toledo International by 12.7% during the 4th quarter. Algert Global LLC now owns 3,611 shares of the medical instruments supplier's stock worth $4,419,000 after acquiring an additional 406 shares during the period. Meiji Yasuda Life Insurance Co raised its holdings in shares of Mettler-Toledo International by 3.5% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 476 shares of the medical instruments supplier's stock worth $582,000 after purchasing an additional 16 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Mettler-Toledo International by 13.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 480 shares of the medical instruments supplier's stock worth $588,000 after buying an additional 56 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 1.1 %

Shares of NYSE MTD traded down $12.20 during trading hours on Friday, reaching $1,089.43. The stock had a trading volume of 61,508 shares, compared to its average volume of 146,628. The firm has a 50-day moving average of $1,121.89 and a 200-day moving average of $1,225.50. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.30 and a beta of 1.40.

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

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International 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 completion of the sale, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 completion of the sale, the insider now directly owns 6 shares in the company, 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 currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MTD shares. Robert W. Baird dropped their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday. StockNews.com downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their target price for the company from $1,200.00 to $1,110.00 in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International has an average rating of "Hold" and an average price target of $1,296.13.

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.