Walter Public Investments Inc. Buys 416 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Walter Public Investments Inc. raised its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,841 shares of the medical instruments supplier's stock after acquiring an additional 416 shares during the quarter. Mettler-Toledo International makes up about 1.7% of Walter Public Investments Inc.'s investment portfolio, making the stock its 29th largest holding. Walter Public Investments Inc.'s holdings in Mettler-Toledo International were worth $9,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Mettler-Toledo International during the fourth quarter worth approximately $44,000. Golden State Wealth Management LLC lifted its position in Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after acquiring an additional 35 shares during the last quarter. Menard Financial Group LLC acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $67,000. Finally, Blue Trust Inc. increased its stake in shares of Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock worth $73,000 after purchasing an additional 52 shares during the period. Institutional investors own 95.07% of the company's stock.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of research reports. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price objective for the company from $1,200.00 to $1,110.00 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 price target on the stock in a research note on Monday, April 7th. Robert W. Baird dropped their price objective 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 note on Tuesday, April 22nd. Wells Fargo & Company boosted their price objective on shares of 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. Finally, Bank of America raised their target price on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and an average price target of $1,280.90.

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 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 owned 120 shares in the company, valued at $139,191.60. This represents a 89.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Down 1.0%

Shares of NYSE:MTD traded down $12.63 during midday trading on Friday, hitting $1,223.62. The stock had a trading volume of 118,779 shares, compared to its average volume of 150,365. The company's 50-day moving average price is $1,165.26 and its 200-day moving average price is $1,195.64. Mettler-Toledo International, Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The company has a market capitalization of $25.43 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 3.80 and a beta of 1.37.

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 the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The company had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. During the same quarter in the prior year, the firm posted $8.89 earnings per share. The firm's revenue was down 4.6% compared to the same quarter last year. Research analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS 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.