Voleon Capital Management LP Purchases New Position in Mettler-Toledo International Inc. (NYSE:MTD)

Voleon Capital Management LP purchased a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 565 shares of the medical instruments supplier's stock, valued at approximately $691,000.

Several other institutional investors and hedge funds have also made changes to their positions in MTD. Norges Bank acquired a new stake in Mettler-Toledo International during the 4th quarter worth $372,954,000. Proficio Capital Partners LLC purchased a new position in shares of Mettler-Toledo International during the fourth quarter worth about $163,216,000. T. Rowe Price Investment Management Inc. increased its position in Mettler-Toledo International by 36.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock valued at $444,327,000 after acquiring an additional 96,300 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Mettler-Toledo International by 53.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier's stock worth $262,211,000 after acquiring an additional 74,187 shares during the period. Finally, Seilern Investment Management Ltd acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $89,221,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction 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 completion of the sale, the insider now owns 734 shares of the company's stock, valued at $964,248.46. The trade was 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 at the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MTD shares. Evercore ISI boosted their price objective on shares of 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. StockNews.com downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday. Wells Fargo & Company increased their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price target for the company from $1,200.00 to $1,110.00 in a research note on Monday. Finally, Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a report on Monday, April 7th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,296.13.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded up $8.22 on Wednesday, hitting $1,071.59. The company's stock had a trading volume of 74,953 shares, compared to its average volume of 145,989. The stock has a 50 day moving average of $1,129.03 and a 200-day moving average of $1,228.33. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The company has a market capitalization of $22.33 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating analysts' consensus estimates 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 firm 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 EPS. Mettler-Toledo International's quarterly revenue was down 4.6% on a year-over-year basis. Sell-side analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

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.