Mirova Acquires 1,494 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Mirova boosted its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 373.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,894 shares of the medical instruments supplier's stock after buying an additional 1,494 shares during the quarter. Mirova's holdings in Mettler-Toledo International were worth $2,318,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MTD. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International during the fourth quarter worth $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $44,000. Blue Trust Inc. raised its holdings in Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the fourth quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC raised its stake in shares of Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MTD shares. Evercore ISI upped their price target on shares of 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 cut their target price on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Citigroup raised 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 report on Monday, April 7th. Finally, Robert W. Baird cut their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,304.25.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $15.65 during trading hours on Friday, reaching $1,059.35. 86,684 shares of the stock were exchanged, compared to its average volume of 142,683. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 3.30 and a beta of 1.28. The stock's fifty day simple moving average is $1,164.25 and its 200 day simple moving average is $1,249.32. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

About Mettler-Toledo International

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.