LVM Capital Management Ltd. MI Purchases Shares of 407 Mettler-Toledo International Inc. (NYSE:MTD)

LVM Capital Management Ltd. MI acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 407 shares of the medical instruments supplier’s stock, valued at approximately $498,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in Mettler-Toledo International by 149,870.0% in the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after acquiring an additional 89,922 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Mettler-Toledo International by 32.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock valued at $199,777,000 after purchasing an additional 35,048 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Mettler-Toledo International by 610.4% during the 3rd quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock worth $50,183,000 after buying an additional 28,752 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Mettler-Toledo International by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock worth $332,634,000 after buying an additional 28,478 shares during the period. Finally, Wellington Management Group LLP grew its stake in Mettler-Toledo International by 17.5% in the 3rd quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier’s stock valued at $266,891,000 after buying an additional 26,443 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Down 2.3 %

Shares of MTD stock traded down $28.67 during trading hours on Friday, reaching $1,217.84. The company’s stock had a trading volume of 72,697 shares, compared to its average volume of 104,558. Mettler-Toledo International Inc. has a fifty-two week low of $1,133.46 and a fifty-two week high of $1,546.93. The company has a market capitalization of $25.70 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 4.21 and a beta of 1.12. The firm’s 50 day simple moving average is $1,253.23 and its 200-day simple moving average is $1,350.06.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Sell-side analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

MTD has been the topic of several research reports. Wells Fargo & Company decreased their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating for the company. Robert W. Baird lowered their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Finally, Stifel Nicolaus lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,351.25.

Insiders Place Their Bets

In related news, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerry Keller sold 140 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the sale, the insider now directly owns 6 shares of the company’s stock, valued at $7,524.54. This represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. 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.