Universal Beteiligungs und Servicegesellschaft mbH Purchases New Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 36,814 shares of the medical instruments supplier's stock, valued at approximately $45,049,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of Mettler-Toledo International at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International during the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $44,000. Blue Trust Inc. grew its holdings in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after buying an additional 17 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $54,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after purchasing an additional 8 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTD. Evercore ISI lifted their target price on 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. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a report on Monday, April 7th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price target for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $1,302.11.

Mettler-Toledo International Trading Down 1.4%

MTD stock traded down $16.85 during midday trading on Friday, hitting $1,156.33. 317,154 shares of the company's stock were exchanged, compared to its average volume of 150,406. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The firm has a 50 day moving average price of $1,093.82 and a 200-day moving average price of $1,205.52. The stock has a market capitalization of $24.03 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released 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 negative return on equity of 591.54% and a net margin of 22.29%. The business had revenue of $883.74 million during the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the previous year, the firm posted $8.89 EPS. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of the business's 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 sale, the director now directly owns 120 shares of the company's stock, valued at $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.94% of the company's stock.

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.