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

Walter Public Investments Inc. boosted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,841 shares of the medical instruments supplier's stock after acquiring an additional 416 shares during the period. Mettler-Toledo International makes up approximately 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 quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Farther Finance Advisors LLC increased its position in shares of Mettler-Toledo International by 39.1% in the first quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock valued at $103,000 after acquiring an additional 25 shares during the last quarter. QRG Capital Management Inc. raised its stake in Mettler-Toledo International by 29.4% in the first quarter. QRG Capital Management Inc. now owns 489 shares of the medical instruments supplier's stock valued at $577,000 after buying an additional 111 shares during the period. Boston Trust Walden Corp lifted its position in shares of Mettler-Toledo International by 7.1% in the first quarter. Boston Trust Walden Corp now owns 34,610 shares of the medical instruments supplier's stock valued at $40,871,000 after buying an additional 2,296 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Mettler-Toledo International by 95.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the medical instruments supplier's stock worth $2,600,000 after acquiring an additional 1,073 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Mettler-Toledo International by 13.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,488 shares of the medical instruments supplier's stock worth $2,929,000 after acquiring an additional 292 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 owned 120 shares in the company, valued at $139,191.60. The trade was a 89.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MTD shares. Bank of America increased their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price objective for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Barclays started coverage on shares of Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 target price on the stock. Finally, Robert W. Baird cut 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 research note on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus price target of $1,282.64.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock traded up $13.24 during trading on Wednesday, reaching $1,219.77. 175,795 shares of the company's stock were exchanged, compared to its average volume of 150,265. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The company has a market cap of $25.35 billion, a P/E ratio of 30.42, a PEG ratio of 3.71 and a beta of 1.37. The firm's 50-day moving average price is $1,156.19 and its 200 day moving average price is $1,195.60.

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 EPS for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. Mettler-Toledo International's revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.89 EPS. As a group, equities research analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current 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.