Bamco Inc. NY Has $343.85 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Bamco Inc. NY lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,994 shares of the medical instruments supplier’s stock after selling 7,753 shares during the quarter. Mettler-Toledo International accounts for approximately 0.9% of Bamco Inc. NY’s portfolio, making the stock its 22nd largest position. Bamco Inc. NY owned approximately 1.33% of Mettler-Toledo International worth $343,847,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Mettler-Toledo International in the fourth quarter valued at $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International in the 4th quarter valued at about $44,000. Blue Trust Inc. raised its stake in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock worth $50,000 after buying an additional 17 shares during the period. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC grew its stake in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction on Monday, February 24th. The stock was 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 owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International 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 owns 6 shares in the company, valued at $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. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MTD has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Evercore ISI raised 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 research note on Monday, February 10th. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,304.25.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,103.95 on Friday. The company has a fifty day moving average price of $1,136.87 and a 200-day moving average price of $1,232.39. The firm has a market cap of $23.01 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The business had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. During the same period in the prior year, the firm posted $8.89 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

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.