TD Asset Management Inc. Increases Stake in Mettler-Toledo International Inc. (NYSE:MTD)

TD Asset Management Inc. lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,558 shares of the medical instruments supplier’s stock after acquiring an additional 5,679 shares during the quarter. TD Asset Management Inc.’s holdings in Mettler-Toledo International were worth $194,024,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Mettler-Toledo International in the 4th quarter valued at approximately $33,000. Blue Trust Inc. lifted its holdings in shares of Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after buying an additional 17 shares during the period. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International during the fourth quarter worth $54,000. Sound Income Strategies LLC grew its holdings in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after acquiring an additional 45 shares during the period. Finally, Itau Unibanco Holding S.A. raised its position in Mettler-Toledo International by 80.0% in the third quarter. Itau Unibanco Holding S.A. now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after acquiring an additional 24 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,196.01 on Wednesday. The stock’s 50 day moving average price is $1,290.07 and its 200 day moving average price is $1,307.18. The firm has a market cap of $24.93 billion, a P/E ratio of 29.51, a PEG ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MTD shares. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Citigroup lowered their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,380.50.

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.