Perbak Capital Partners LLP Purchases New Position in Mettler-Toledo International Inc. (NYSE:MTD)

Perbak Capital Partners LLP acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 893 shares of the medical instruments supplier’s stock, valued at approximately $1,093,000.

Several other hedge funds have also bought and sold shares of MTD. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International in the fourth quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth $44,000. Blue Trust Inc. grew its stake in Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the fourth quarter worth about $54,000. Finally, Sound Income Strategies LLC increased its holdings in shares of 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 worth $56,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 0.0 %

Shares of Mettler-Toledo International stock opened at $1,061.95 on Tuesday. The stock’s fifty day moving average price is $1,155.16 and its 200-day moving average price is $1,241.13. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The firm has a market cap of $22.13 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results 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 negative return on equity of 591.54% and a net margin of 22.29%. Analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

MTD has been the topic of several analyst reports. Robert W. Baird reduced their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Evercore ISI boosted their price objective on 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. Finally, Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,304.25.

Insider Buying and Selling

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 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 directly 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 SEC, which can be accessed through this link. Also, 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 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. Corporate insiders own 1.94% of the company’s stock.

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.