Lecap Asset Management Ltd. Buys New Position in Mettler-Toledo International Inc. (NYSE:MTD)

Lecap Asset Management Ltd. acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,045 shares of the medical instruments supplier's stock, valued at approximately $2,481,000. Mettler-Toledo International accounts for approximately 0.9% of Lecap Asset Management Ltd.'s investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTD. Vanguard Group Inc. raised its holdings in shares of Mettler-Toledo International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,534,104 shares of the medical instruments supplier's stock valued at $3,479,806,000 after buying an additional 17,826 shares during the period. Geode Capital Management LLC raised its stake in shares of Mettler-Toledo International by 0.6% during the first quarter. Geode Capital Management LLC now owns 500,127 shares of the medical instruments supplier's stock valued at $763,880,000 after purchasing an additional 2,842 shares during the period. Alliancebernstein L.P. lifted its position in shares of Mettler-Toledo International by 5.6% during the second quarter. Alliancebernstein L.P. now owns 488,953 shares of the medical instruments supplier's stock worth $641,330,000 after purchasing an additional 25,877 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Mettler-Toledo International by 26.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier's stock valued at $471,369,000 after purchasing an additional 67,758 shares during the period. Finally, Norges Bank acquired a new stake in Mettler-Toledo International during the 4th quarter valued at $428,679,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an "in-line" rating in a report on Thursday, April 4th. StockNews.com upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Sunday, March 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $1,233.25.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the transaction, the director now directly owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elisha W. Finney sold 251 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the transaction, the director now directly owns 316 shares of the company's stock, valued at approximately $372,042.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 951 shares of company stock valued at $1,170,256. Company insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded down $50.42 during trading hours on Friday, hitting $1,261.07. 124,777 shares of the company were exchanged, compared to its average volume of 114,740. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 3.58 and a beta of 1.15. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,615.97. The business's 50-day simple moving average is $1,268.85 and its two-hundred day simple moving average is $1,167.62.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts' consensus estimates of $10.32 by ($0.92). The firm had revenue of $934.90 million for the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The company's quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $12.10 EPS. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.