Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.8% during the 4th quarter, HoldingsChannel reports. The firm owned 227,931 shares of the medical instruments supplier’s stock after buying an additional 6,132 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mettler-Toledo International were worth $278,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. WINTON GROUP Ltd purchased a new stake in Mettler-Toledo International during the fourth quarter worth $1,104,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Mettler-Toledo International by 5.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 33,495 shares of the medical instruments supplier’s stock worth $41,476,000 after acquiring an additional 1,793 shares in the last quarter. Korea Investment CORP grew its position in shares of Mettler-Toledo International by 49.3% during the 4th quarter. Korea Investment CORP now owns 13,939 shares of the medical instruments supplier’s stock valued at $17,057,000 after acquiring an additional 4,600 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $245,000. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in Mettler-Toledo International by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,987 shares of the medical instruments supplier’s stock worth $2,431,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MTD. Wolfe Research started coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating on the stock. Citigroup cut their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company boosted their target price 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 note on Monday, February 10th. Finally, Robert W. Baird lifted their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. One investment 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’s stock. According to MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,380.50.

Mettler-Toledo International Trading Down 1.4 %

MTD stock opened at $1,176.04 on Monday. The firm has a 50-day moving average of $1,283.84 and a two-hundred day moving average of $1,302.91. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 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%. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated 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 transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company 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.