Asset Management One Co. Ltd. Buys 1,382 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Asset Management One Co. Ltd. boosted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 7.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,991 shares of the medical instruments supplier's stock after buying an additional 1,382 shares during the period. Asset Management One Co. Ltd. owned approximately 0.09% of Mettler-Toledo International worth $22,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $44,000. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $54,000. Menard Financial Group LLC purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $67,000. Finally, Blue Trust Inc. raised its holdings in Mettler-Toledo International by 520.0% during the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Activity at Mettler-Toledo International

In related news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America increased their target price on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and reduced their target price for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Barclays assumed coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price on the stock. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Finally, Robert W. Baird reduced their target price on 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. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and a consensus price target of $1,300.36.

Mettler-Toledo International Trading Down 0.7%

Shares of Mettler-Toledo International stock traded down $8.91 during trading on Friday, hitting $1,184.40. 163,651 shares of the stock traded hands, compared to its average volume of 150,548. The firm has a market cap of $24.61 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 3.64 and a beta of 1.38. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The stock's fifty day simple moving average is $1,133.98 and its 200 day simple moving average is $1,197.21.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. The firm had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The business's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $8.89 earnings per share. As a group, equities analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS 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.