GF Fund Management CO. LTD. Takes $638,000 Position in Mettler-Toledo International Inc. (NYSE:MTD)

GF Fund Management CO. LTD. acquired a new position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 521 shares of the medical instruments supplier's stock, valued at approximately $638,000.

Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Mettler-Toledo International in the 4th quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International during the 4th quarter valued at $44,000. Blue Trust Inc. boosted its position in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after buying an additional 17 shares during the period. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the 4th quarter worth $54,000. Finally, Sound Income Strategies LLC grew its holdings in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Activity

In related news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the transaction, the director now owns 120 shares of the company's stock, valued at $139,191.60. This trade represents a 89.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased 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 report on Monday, May 5th. Robert W. Baird lowered 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 research report on Tuesday, April 22nd. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their price objective for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Wall Street Zen downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. 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 report on Monday, April 7th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and an average target price of $1,302.11.

Mettler-Toledo International Price Performance

MTD stock traded down $25.11 during midday trading on Friday, hitting $1,148.08. The stock had a trading volume of 48,094 shares, compared to its average volume of 149,812. The business has a 50-day moving average of $1,094.61 and a two-hundred day moving average of $1,206.84. The firm has a market cap of $23.86 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same period in the prior year, the firm earned $8.89 EPS. The company's revenue was down 4.6% compared to the same quarter last year. Research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current 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.