Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 16.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,429 shares of the medical instruments supplier's stock after purchasing an additional 8,411 shares during the quarter. Voloridge Investment Management LLC owned about 0.28% of Mettler-Toledo International worth $72,722,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MTD. Alliancebernstein L.P. raised its position in Mettler-Toledo International by 9.9% in the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock valued at $713,627,000 after purchasing an additional 52,726 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mettler-Toledo International by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock valued at $682,340,000 after acquiring an additional 11,032 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Mettler-Toledo International by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 455,739 shares of the medical instruments supplier's stock worth $557,680,000 after acquiring an additional 25,873 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in 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 acquiring an additional 96,300 shares in the last quarter. Finally, Norges Bank acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $372,954,000. Hedge funds and other institutional investors own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of analyst reports. Evercore ISI raised their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price target for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Robert W. Baird decreased their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. 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 report on Monday, April 7th. Finally, Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Mettler-Toledo International has an average rating of "Hold" and a consensus target price of $1,302.11.

Mettler-Toledo International Price Performance

Shares of MTD traded down $20.58 during midday trading on Monday, reaching $1,115.43. 247,891 shares of the stock were exchanged, compared to its average volume of 150,020. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 3.30 and a beta of 1.40. The business's 50-day moving average price is $1,099.07 and its 200 day moving average price is $1,209.39.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released 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 negative return on equity of 591.54% and a net margin of 22.29%. The company had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the previous year, the company posted $8.89 earnings per share. The firm's revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Mettler-Toledo International Company 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.