UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 12.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 215,327 shares of the medical instruments supplier's stock after purchasing an additional 23,995 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.03% of Mettler-Toledo International worth $263,491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Mettler-Toledo International during the fourth quarter worth $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International in the 4th quarter worth $44,000. Blue Trust Inc. lifted its stake 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 purchasing an additional 17 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International during 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 during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Up 3.3%

Shares of MTD traded up $36.89 during trading hours on Tuesday, reaching $1,151.03. 32,769 shares of the company traded hands, compared to its average volume of 149,594. The business has a fifty day moving average price of $1,096.96 and a 200-day moving average price of $1,208.03. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The stock has a market capitalization of $23.92 billion, a P/E ratio of 28.42, a P/E/G ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly 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 business had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same quarter in the previous year, the business earned $8.89 EPS. The company's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price target for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a report on Monday, April 7th. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1,302.11.

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.