K.J. Harrison & Partners Inc Makes New Investment in Mettler-Toledo International Inc. (NYSE:MTD)

K.J. Harrison & Partners Inc purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the medical instruments supplier’s stock, valued at approximately $1,213,000.

Other hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in Mettler-Toledo International during the 4th quarter worth $485,000. GAMMA Investing LLC acquired a new position in Mettler-Toledo International during the 4th quarter valued at about $135,000. Larson Financial Group LLC raised its position in shares of Mettler-Toledo International by 109.4% during the 4th quarter. Larson Financial Group LLC now owns 111 shares of the medical instruments supplier’s stock worth $135,000 after buying an additional 58 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Mettler-Toledo International by 10.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 10,349 shares of the medical instruments supplier’s stock worth $12,553,000 after acquiring an additional 977 shares during the period. Finally, Duality Advisers LP boosted its holdings in shares of Mettler-Toledo International by 14.4% in the fourth quarter. Duality Advisers LP now owns 1,345 shares of the medical instruments supplier’s stock valued at $1,631,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 316 shares of the company’s stock, valued at approximately $372,042.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Elisha W. Finney sold 251 shares of the firm’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 owns 316 shares in the company, valued at approximately $372,042.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock valued at $1,170,256 in the last quarter. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Up 0.4 %

NYSE:MTD traded up $5.18 during trading hours on Friday, hitting $1,238.09. 94,952 shares of the stock traded hands, compared to its average volume of 107,112. The firm has a market cap of $26.48 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 3.37 and a beta of 1.15. The firm has a 50 day moving average price of $1,274.38 and a 200 day moving average price of $1,175.98. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,525.14.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.32 by ($0.92). The business had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $12.10 earnings per share. Research analysts predict that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTD. Evercore ISI raised their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,233.25.

Mettler-Toledo International Company 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.