Korea Investment CORP Acquires 4,600 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Korea Investment CORP boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 49.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,939 shares of the medical instruments supplier’s stock after acquiring an additional 4,600 shares during the quarter. Korea Investment CORP’s holdings in Mettler-Toledo International were worth $17,057,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $245,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Mettler-Toledo International by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,987 shares of the medical instruments supplier’s stock valued at $2,431,000 after purchasing an additional 40 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Mettler-Toledo International by 3.7% during the fourth quarter. TD Asset Management Inc. now owns 158,558 shares of the medical instruments supplier’s stock worth $194,024,000 after purchasing an additional 5,679 shares during the last quarter. ICW Investment Advisors LLC grew its position in Mettler-Toledo International by 28.7% in the 4th quarter. ICW Investment Advisors LLC now owns 224 shares of the medical instruments supplier’s stock worth $274,000 after purchasing an additional 50 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Mettler-Toledo International by 25.8% in the 4th quarter. LPL Financial LLC now owns 4,646 shares of the medical instruments supplier’s stock valued at $5,686,000 after buying an additional 953 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of the business’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 transaction of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MTD. Evercore ISI increased 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 report on Monday, February 10th. Wells Fargo & Company raised their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Citigroup cut their price target on shares of 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. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating for the company. Finally, Robert W. Baird boosted their target price on shares of 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. 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. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,380.50.

Mettler-Toledo International Trading Down 1.4 %

Shares of MTD stock opened at $1,176.04 on Friday. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The stock has a market capitalization of $24.51 billion, a P/E ratio of 29.02, a PEG ratio of 3.30 and a beta of 1.15. The firm’s 50 day moving average is $1,283.84 and its 200 day moving average is $1,303.51.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly 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 negative return on equity of 591.54% and a net margin of 22.29%. On average, equities analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

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.