Mettler-Toledo International, Inc. (NYSE:MTD) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Mettler-Toledo International, Inc. by 46.7% during the first quarter, now holding shares worth $9,245,000.
• Hedge funds and institutional investors own 95.07% of Mettler-Toledo International's stock, showing strong institutional interest.
• Analysts have mixed ratings for the stock, with a consensus rating of "Hold" and an average price target of $1,288.89.

Tokio Marine Asset Management Co. Ltd. grew its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 46.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,829 shares of the medical instruments supplier's stock after acquiring an additional 2,493 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Mettler-Toledo International were worth $9,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Mettler-Toledo International by 131,246.3% during the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after purchasing an additional 385,864 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Mettler-Toledo International by 36.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock worth $444,327,000 after buying an additional 96,300 shares during the last quarter. Nuveen LLC acquired a new position in Mettler-Toledo International in the 1st quarter worth about $71,897,000. Northern Trust Corp increased its stake in shares of Mettler-Toledo International by 23.6% in the fourth quarter. Northern Trust Corp now owns 251,705 shares of the medical instruments supplier's stock valued at $308,006,000 after buying an additional 48,027 shares during the period. Finally, AustralianSuper Pty Ltd grew its stake in Mettler-Toledo International by 60.4% during the first quarter. AustralianSuper Pty Ltd now owns 114,986 shares of the medical instruments supplier's stock worth $135,788,000 after purchasing an additional 43,313 shares during the period. 95.07% of the stock is owned by institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, Director Michael A. Kelly sold 1,062 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were 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 $139,191.60. This represents a 89.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total transaction of $376,227.00. Following the completion of the sale, the chief financial officer owned 5,095 shares of the company's stock, valued at approximately $6,389,588.55. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,424 shares of company stock valued at $2,989,628 in the last ninety days. 1.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MTD has been the topic of several analyst reports. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their target price for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Barclays initiated 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. Evercore ISI cut their price objective on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Finally, Wells Fargo & Company increased their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $1,288.89.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $2.03 during trading hours on Friday, hitting $1,315.67. The stock had a trading volume of 135,663 shares, compared to its average volume of 169,327. The stock has a market capitalization of $27.10 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.94 and a beta of 1.34. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The stock's 50-day moving average price is $1,215.67 and its two-hundred day moving average price is $1,189.45.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $957.41 million. During the same quarter in the previous year, the firm posted $9.65 earnings per share. Mettler-Toledo International's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share 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.