Sone Capital Management LLC Purchases Shares of 1,426 Mettler-Toledo International Inc. (NYSE:MTD)

Sone Capital Management LLC purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,426 shares of the medical instruments supplier's stock, valued at approximately $1,745,000.

Several other institutional investors also recently bought and sold shares of MTD. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International in the 4th quarter valued at $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth $44,000. Blue Trust Inc. increased its holdings in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth $54,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after buying an additional 45 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a report on Monday, April 7th. Robert W. Baird decreased their price target on shares of 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. StockNews.com cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday. Finally, Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $1,302.11.

Insider Buying and Selling

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now owns 734 shares in the company, valued at $964,248.46. This represents a 51.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by company insiders.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded down $53.29 during trading hours on Wednesday, hitting $1,132.71. 405,689 shares of the company were exchanged, compared to its average volume of 149,042. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The business's 50-day simple moving average is $1,103.58 and its two-hundred day simple moving average is $1,215.53. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $8.89 earnings per share. The company's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

About Mettler-Toledo International

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.