Old Mutual Global Investors UK Ltd. increased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 6.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 93,830 shares of the medical instruments supplier’s stock after acquiring an additional 5,497 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Mettler-Toledo International were worth $58,129,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MTD. USA Mutuals Advisors Inc. acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $101,000. Steward Partners Investment Advisory LLC acquired a new position in Mettler-Toledo International during the third quarter valued at approximately $125,000. Quantbot Technologies LP acquired a new position in Mettler-Toledo International during the third quarter valued at approximately $193,000. Lourd Capital LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $211,000. Finally, Quadrant Private Wealth Management LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $232,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Several brokerages have commented on MTD. Morgan Stanley increased their price target on Mettler-Toledo International from $550.00 to $580.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their price target for the company from $685.00 to $692.00 in a report on Friday, February 9th. Robert W. Baird reduced their price objective on Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Evercore ISI began coverage on Mettler-Toledo International in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Mettler-Toledo International currently has an average rating of “Buy” and an average target price of $651.44.

In related news, insider Oliver A. Filliol sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $631.51, for a total value of $9,472,650.00. Following the completion of the transaction, the insider now directly owns 31,279 shares of the company’s stock, valued at $19,753,001.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Francis bought 160 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of $627.91 per share, with a total value of $100,465.60. Following the completion of the transaction, the director now owns 254 shares of the company’s stock, valued at $159,489.14. The disclosure for this purchase can be found here. Insiders sold 26,359 shares of company stock valued at $16,640,760 over the last three months. 5.20% of the stock is owned by company insiders.

Shares of Mettler-Toledo International Inc. (MTD) opened at $613.69 on Wednesday. Mettler-Toledo International Inc. has a 12-month low of $460.00 and a 12-month high of $697.26. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.46 and a quick ratio of 1.09. The firm has a market capitalization of $15,637.01, a P/E ratio of 34.90, a PEG ratio of 2.55 and a beta of 1.08.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share for the quarter, beating the consensus estimate of $5.93 by $0.04. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The company had revenue of $778.03 million during the quarter, compared to analysts’ expectations of $764.26 million. During the same period in the prior year, the business earned $5.28 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 9.6% compared to the same quarter last year. sell-side analysts anticipate that Mettler-Toledo International Inc. will post 20.1 EPS for the current fiscal year.

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Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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