Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV increased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 14,128 shares of the medical instruments supplier’s stock after purchasing an additional 203 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Mettler-Toledo International were worth $17,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $372,954,000. Proficio Capital Partners LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $163,216,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Mettler-Toledo International by 36.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier’s stock valued at $444,327,000 after purchasing an additional 96,300 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Mettler-Toledo International by 53.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock valued at $262,211,000 after purchasing an additional 74,187 shares during the period. Finally, Seilern Investment Management Ltd acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $89,221,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,119.35 on Thursday. The company has a fifty day moving average of $1,111.73 and a two-hundred day moving average of $1,220.67. The stock has a market capitalization of $23.26 billion, a PE ratio of 27.62, a P/E/G ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results 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 analyst estimates of $876.61 million. During the same quarter in the prior year, the firm earned $8.89 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Research 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 related news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MTD shares. 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 note on Tuesday, April 22nd. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note 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 target price for the company in a research note on Monday, April 7th. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Finally, Evercore ISI boosted their target price 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,296.13.

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.