Graham Capital Management L.P. Makes New $683,000 Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Graham Capital Management L.P. acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 558 shares of the medical instruments supplier's stock, valued at approximately $683,000.

Several other large investors also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in Mettler-Toledo International by 9.9% during the fourth quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock worth $713,627,000 after acquiring an additional 52,726 shares during the last quarter. Geode Capital Management LLC increased its stake in Mettler-Toledo International by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock worth $682,340,000 after acquiring an additional 11,032 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Mettler-Toledo International by 6.0% during 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. increased its stake in Mettler-Toledo International by 36.1% during the fourth 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 during the last quarter. Finally, Norges Bank bought a new stake in Mettler-Toledo International during the fourth quarter worth approximately $372,954,000. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Down 4.9%

Shares of NYSE:MTD opened at $1,119.35 on Thursday. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The stock has a market cap of $23.26 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. The business's 50 day moving average is $1,111.73 and its 200 day moving average is $1,220.67.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (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 analysts' expectations of $876.61 million. During the same quarter in the prior year, the firm earned $8.89 earnings per share. Mettler-Toledo International's revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MTD shares. StockNews.com cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research note on Monday, April 7th. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their target price for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, Evercore ISI upped their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1,296.13.

Insider Buying and Selling

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now owns 734 shares of the company's stock, valued at $964,248.46. This represents a 51.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by insiders.

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.

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