Benjamin Edwards Inc. Has $257,000 Position in Mettler-Toledo International Inc. (NYSE:MTD)

Benjamin Edwards Inc. increased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210 shares of the medical instruments supplier’s stock after buying an additional 17 shares during the period. Benjamin Edwards Inc.’s holdings in Mettler-Toledo International were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BLI Banque de Luxembourg Investments acquired a new position in Mettler-Toledo International in the fourth quarter worth approximately $10,867,000. BNP Paribas Financial Markets grew its holdings in Mettler-Toledo International by 28.1% during the fourth quarter. BNP Paribas Financial Markets now owns 47,295 shares of the medical instruments supplier’s stock valued at $57,874,000 after purchasing an additional 10,388 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Mettler-Toledo International by 9.8% during the fourth quarter. Ameriprise Financial Inc. now owns 70,935 shares of the medical instruments supplier’s stock valued at $86,802,000 after purchasing an additional 6,312 shares during the last quarter. Algert Global LLC grew its holdings in Mettler-Toledo International by 12.7% during the fourth quarter. Algert Global LLC now owns 3,611 shares of the medical instruments supplier’s stock valued at $4,419,000 after purchasing an additional 406 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its holdings in Mettler-Toledo International by 3.5% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 476 shares of the medical instruments supplier’s stock valued at $582,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the topic of several analyst reports. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and lowered their price target for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Citigroup upgraded shares of 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. Evercore ISI raised their price objective 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. 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. Finally, StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,296.13.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The stock was 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 directly owns 734 shares of the company’s stock, valued at approximately $964,248.46. This trade represents a 51.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,079.96 on Monday. The stock has a market cap of $22.44 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The stock has a fifty day moving average price of $1,118.64 and a 200 day moving average price of $1,222.47.

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, beating analysts’ consensus estimates of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to analysts’ expectations of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The business’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned $8.89 earnings per share. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current 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.