Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 87.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307 shares of the medical instruments supplier’s stock after acquiring an additional 143 shares during the period. E Fund Management Co. Ltd.’s holdings in Mettler-Toledo International were worth $376,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. raised its position in Mettler-Toledo International by 9.1% in the 3rd quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier’s stock valued at $573,000 after purchasing an additional 32 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Mettler-Toledo International in the 3rd quarter valued at about $1,428,000. Applied Finance Capital Management LLC raised its position in Mettler-Toledo International by 2,952.5% in the 3rd quarter. Applied Finance Capital Management LLC now owns 15,629 shares of the medical instruments supplier’s stock valued at $23,439,000 after purchasing an additional 15,117 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Mettler-Toledo International by 18.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 202 shares of the medical instruments supplier’s stock valued at $303,000 after purchasing an additional 32 shares in the last quarter. Finally, Assetmark Inc. raised its position in Mettler-Toledo International by 14.1% in the 3rd quarter. Assetmark Inc. now owns 437 shares of the medical instruments supplier’s stock valued at $655,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analysts Set New Price Targets

MTD has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Robert W. Baird raised their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Evercore ISI raised their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Citigroup dropped their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,380.50.

Mettler-Toledo International Stock Up 1.6 %

NYSE MTD opened at $1,292.69 on Friday. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. The business has a fifty day moving average of $1,293.77 and a 200-day moving average of $1,324.10.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity

In other news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction 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 completion of the sale, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on 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 directly owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

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.