Boston Financial Mangement LLC Purchases 843 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Boston Financial Mangement LLC grew its position in Mettler-Toledo International Inc. (NYSE:MTD) by 12.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,429 shares of the medical instruments supplier’s stock after buying an additional 843 shares during the quarter. Boston Financial Mangement LLC’s holdings in Mettler-Toledo International were worth $9,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC grew its stake in shares of Mettler-Toledo International by 149,870.0% during the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after purchasing an additional 89,922 shares during the last quarter. Seilern Investment Management Ltd bought a new position in Mettler-Toledo International in the 4th quarter valued at $89,221,000. AustralianSuper Pty Ltd increased its stake in shares of Mettler-Toledo International by 3,183.2% in the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock valued at $87,705,000 after buying an additional 69,490 shares during the period. Canoe Financial LP raised its position in shares of Mettler-Toledo International by 576.5% during the fourth quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock worth $67,936,000 after acquiring an additional 47,311 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Mettler-Toledo International by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock valued at $335,977,000 after acquiring an additional 33,456 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 2.5 %

MTD stock opened at $1,305.22 on Thursday. The company has a market cap of $27.31 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 3.23 and a beta of 1.13. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The business has a 50 day moving average price of $1,284.19 and a two-hundred day moving average price of $1,334.52.

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

Analysts Set New Price Targets

MTD has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Evercore ISI lifted their price target 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. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,368.00.

Insider Activity

In related news, insider Gerry Keller sold 600 shares of the firm’s 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 directly owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.

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.