Mitsubishi UFJ Asset Management Co. Ltd. Has $44.72 Million Stock Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Mettler-Toledo International by 13.0%, holding approximately $44.72 million worth of stock as of its latest SEC filing.
• Analysts have updated their target prices for Mettler-Toledo shares, with Wells Fargo raising it to **$1,200** and Bank of America to **$1,260**; currently, the stock holds an average rating of **"Hold."**
• In recent insider activity, Director Michael A. Kelly sold over **1,000 shares**, representing an **89.85%** decrease in his holdings, indicating possible changes in personal investment strategy.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,866 shares of the medical instruments supplier's stock after buying an additional 4,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Mettler-Toledo International worth $44,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Greenleaf Trust lifted its position in Mettler-Toledo International by 1.2% in the 1st quarter. Greenleaf Trust now owns 872 shares of the medical instruments supplier's stock valued at $1,030,000 after acquiring an additional 10 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Mettler-Toledo International by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 627 shares of the medical instruments supplier's stock worth $740,000 after purchasing an additional 11 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of Mettler-Toledo International by 1.5% in the first quarter. Albion Financial Group UT now owns 754 shares of the medical instruments supplier's stock valued at $890,000 after purchasing an additional 11 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Mettler-Toledo International by 5.4% during the first quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier's stock valued at $253,000 after buying an additional 11 shares during the last quarter. Finally, Congress Asset Management Co. boosted its position in shares of Mettler-Toledo International by 1.8% during the first quarter. Congress Asset Management Co. now owns 667 shares of the medical instruments supplier's stock valued at $788,000 after buying an additional 12 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MTD shares. Wells Fargo & Company increased their price target 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, May 5th. Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Evercore ISI dropped their price target on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Wall Street Zen downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Bank of America increased their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $1,288.89.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction 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 owned 120 shares in the company, valued at approximately $139,191.60. This represents a 89.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,255.01 on Friday. The firm has a market cap of $25.85 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 3.77 and a beta of 1.34. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,521.01. The firm's 50-day simple moving average is $1,202.06 and its two-hundred day simple moving average is $1,190.83.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, topping analysts' consensus estimates of $9.58 by $0.51. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The company had revenue of $983.22 million for the quarter, compared to analysts' expectations of $957.41 million. During the same quarter in the previous year, the firm posted $9.65 EPS. Mettler-Toledo International's revenue was up 3.9% on a year-over-year basis. Analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

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.

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