Bank Julius Baer & Co. Ltd Zurich Acquires 1,629 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Bank Julius Baer & Co. Ltd Zurich grew its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 14.2% in the fourth quarter, HoldingsChannel reports. The fund owned 13,070 shares of the medical instruments supplier’s stock after buying an additional 1,629 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Mettler-Toledo International were worth $16,103,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. QRG Capital Management Inc. lifted its position in Mettler-Toledo International by 9.1% during the third quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier’s stock worth $573,000 after purchasing an additional 32 shares during the period. CWA Asset Management Group LLC acquired a new position in Mettler-Toledo International during the third quarter worth about $1,428,000. Applied Finance Capital Management LLC raised its stake in Mettler-Toledo International by 2,952.5% during the third quarter. Applied Finance Capital Management LLC now owns 15,629 shares of the medical instruments supplier’s stock worth $23,439,000 after acquiring an additional 15,117 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Mettler-Toledo International by 18.8% during the third quarter. Verdence Capital Advisors LLC now owns 202 shares of the medical instruments supplier’s stock worth $303,000 after acquiring an additional 32 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Mettler-Toledo International by 14.1% during the third quarter. Assetmark Inc. now owns 437 shares of the medical instruments supplier’s stock worth $655,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 1.6 %

Shares of NYSE MTD opened at $1,292.69 on Friday. The stock’s 50-day moving average is $1,293.77 and its 200 day moving average is $1,324.10. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of 31.89, a P/E/G 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 posted its earnings results 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, analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MTD shares. Wells Fargo & Company upped their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Evercore ISI upped their price objective on 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. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company. Citigroup reduced their target price 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, Robert W. Baird upped their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,380.50.

Insider Activity at Mettler-Toledo International

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

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.