Mitsubishi UFJ Asset Management Co. Ltd. Acquires 3,853 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 18.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,212 shares of the medical instruments supplier’s stock after acquiring an additional 3,853 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.12% of Mettler-Toledo International worth $33,564,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Mettler-Toledo International in the first quarter valued at about $25,000. MV Capital Management Inc. increased its position in shares of Mettler-Toledo International by 162.5% in the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $27,000. Spartan Planning & Wealth Management purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $27,000. Finally, Bellevue Group AG purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research report on Monday, May 13th. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Jefferies Financial Group reiterated an “underperform” rating and set a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, Stifel Nicolaus boosted their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,301.25.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Christian Magloth sold 1,100 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the transaction, the insider now owns 734 shares in the company, valued at $1,079,691.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,278 shares of company stock worth $4,871,849. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 1.6 %

MTD traded down $22.17 during midday trading on Thursday, reaching $1,356.07. The company’s stock had a trading volume of 171,474 shares, compared to its average volume of 144,964. The firm has a market capitalization of $28.97 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 3.71 and a beta of 1.17. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,535.86. The stock’s 50-day moving average is $1,428.43 and its 200-day moving average is $1,306.58.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The business had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.69 earnings per share. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 40.13 earnings per share 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.