BlueSpruce Investments LP Takes Position in Mettler-Toledo International Inc. (NYSE:MTD)

BlueSpruce Investments LP purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 420 shares of the medical instruments supplier’s stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International during the fourth quarter worth $44,000. Blue Trust Inc. boosted its holdings in shares of Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after purchasing an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at $54,000. Finally, Sound Income Strategies LLC increased its stake in shares of Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $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 Price Performance

NYSE:MTD opened at $1,103.95 on Monday. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The company has a market cap of $23.01 billion, a PE ratio of 27.24, a PEG ratio of 3.30 and a beta of 1.28. The firm has a 50-day moving average of $1,136.87 and a 200-day moving average of $1,231.47.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data 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. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm 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 business posted $8.89 earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on MTD shares. 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. 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 report on Thursday, April 17th. Evercore ISI boosted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Robert W. Baird lowered 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,304.25.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International 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 transaction, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerry Keller sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at approximately $8,108.04. This represents 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 insiders.

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.