Pacific Point Advisors LLC Purchases New Position in Mettler-Toledo International Inc. (NYSE:MTD)

Pacific Point Advisors LLC purchased a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 979 shares of the medical instruments supplier's stock, valued at approximately $1,312,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at $372,954,000. Proficio Capital Partners LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at about $163,216,000. T. Rowe Price Investment Management Inc. raised its holdings in Mettler-Toledo International by 36.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock valued at $444,327,000 after acquiring an additional 96,300 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier's stock worth $262,211,000 after acquiring an additional 74,187 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier's stock worth $87,705,000 after acquiring an additional 69,490 shares during the period. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 0.0%

Shares of NYSE:MTD traded up $0.43 during midday trading on Wednesday, hitting $1,163.27. The stock had a trading volume of 53,985 shares, compared to its average volume of 149,694. The company's 50-day moving average price is $1,096.19 and its 200-day moving average price is $1,207.71. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The company has a market capitalization of $24.18 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. During the same period last year, the firm posted $8.89 earnings per share. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MTD shares. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their target price for the stock from $1,200.00 to $1,110.00 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 objective on the stock in a research report on Monday, April 7th. Wells Fargo & Company boosted their target price on shares of 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. Wall Street Zen downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Evercore ISI lifted their price objective on shares of 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. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $1,302.11.

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.