Mettler-Toledo International Inc. (NYSE:MTD) Stock Holdings Lifted by Rafferty Asset Management LLC

Rafferty Asset Management LLC raised its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,398 shares of the medical instruments supplier's stock after purchasing an additional 246 shares during the quarter. Rafferty Asset Management LLC's holdings in Mettler-Toledo International were worth $2,934,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Mettler-Toledo International in the fourth quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International in the fourth quarter valued at about $44,000. Blue Trust Inc. grew its stake in Mettler-Toledo International by 70.8% in the fourth 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 in the last quarter. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International in the fourth quarter valued at about $54,000. Finally, Sound Income Strategies LLC grew its stake in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 0.2%

Shares of NYSE:MTD opened at $1,159.20 on Tuesday. The business has a 50 day moving average price of $1,105.88 and a 200 day moving average price of $1,216.32. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results 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 negative return on equity of 591.54% and a net margin of 22.29%. The firm had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. During the same quarter in the prior year, the company earned $8.89 EPS. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Wall Street Analysts Forecast Growth

MTD has been the subject of several recent analyst reports. StockNews.com downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Wells Fargo & Company upped their price target on 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, May 5th. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a research note on Monday, April 7th. Evercore ISI upped their price target 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 price target for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,296.13.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 734 shares of the company's stock, valued at $964,248.46. This represents a 51.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.94% of the company's stock.

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.

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