iA Global Asset Management Inc. Has $1.47 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

iA Global Asset Management Inc. increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 40.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,199 shares of the medical instruments supplier’s stock after purchasing an additional 347 shares during the quarter. iA Global Asset Management Inc.’s holdings in Mettler-Toledo International were worth $1,467,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $163,216,000. Seilern Investment Management Ltd acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $89,221,000. AustralianSuper Pty Ltd grew its position in shares of Mettler-Toledo International by 3,183.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock worth $87,705,000 after buying an additional 69,490 shares during the period. Canoe Financial LP grew its position in shares of Mettler-Toledo International by 576.5% during the 4th quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock worth $67,936,000 after buying an additional 47,311 shares during the period. Finally, Wealthfront Advisers LLC grew its position in shares of Mettler-Toledo International by 4,357.4% during the 4th quarter. Wealthfront Advisers LLC now owns 35,258 shares of the medical instruments supplier’s stock worth $43,145,000 after buying an additional 34,467 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MTD shares. Evercore ISI lifted 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 report on Monday, February 10th. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Wells Fargo & Company lifted their price target 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. Finally, Citigroup reduced their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,380.50.

Mettler-Toledo International Stock Down 0.2 %

MTD opened at $1,198.09 on Friday. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The company has a 50-day simple moving average of $1,292.72 and a 200 day simple moving average of $1,310.84. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christian Magloth sold 790 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

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.