Siemens Fonds Invest GmbH Grows Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Siemens Fonds Invest GmbH lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 997.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,536 shares of the medical instruments supplier’s stock after buying an additional 2,305 shares during the period. Siemens Fonds Invest GmbH’s holdings in Mettler-Toledo International were worth $3,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sherbrooke Park Advisers LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth $245,000. Royal Bank of Canada increased its holdings in Mettler-Toledo International by 7.3% during the 4th quarter. Royal Bank of Canada now owns 45,756 shares of the medical instruments supplier’s stock valued at $55,990,000 after acquiring an additional 3,105 shares in the last quarter. Rafferty Asset Management LLC raised its position in Mettler-Toledo International by 11.4% during the fourth quarter. Rafferty Asset Management LLC now owns 2,398 shares of the medical instruments supplier’s stock worth $2,934,000 after acquiring an additional 246 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $30,783,000. Finally, Point72 Asset Management L.P. grew its position in shares of Mettler-Toledo International by 213.0% in the fourth quarter. Point72 Asset Management L.P. now owns 18,945 shares of the medical instruments supplier’s stock valued at $23,183,000 after purchasing an additional 12,892 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 2.5%

MTD stock opened at $1,145.70 on Friday. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 3.30 and a beta of 1.40. The business has a fifty day simple moving average of $1,108.72 and a 200-day simple moving average of $1,219.65. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93.

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

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International 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 sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MTD shares. Wells Fargo & Company raised their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Robert W. Baird cut their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective on the stock in a research note on Monday, April 7th. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Evercore ISI raised 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 note on Monday, February 10th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,296.13.

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.