Proficio Capital Partners LLC Takes Position in Mettler-Toledo International Inc. (NYSE:MTD)

Proficio Capital Partners LLC purchased a new stake 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 purchased 133,381 shares of the medical instruments supplier’s stock, valued at approximately $163,216,000. Mettler-Toledo International makes up approximately 2.1% of Proficio Capital Partners LLC’s portfolio, making the stock its 3rd largest position.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Assetmark Inc. boosted its holdings in Mettler-Toledo International by 40.3% in the fourth quarter. Assetmark Inc. now owns 613 shares of the medical instruments supplier’s stock worth $750,000 after purchasing an additional 176 shares in the last quarter. Crew Capital Management Ltd. boosted its holdings in Mettler-Toledo International by 18.7% in the fourth quarter. Crew Capital Management Ltd. now owns 896 shares of the medical instruments supplier’s stock worth $1,096,000 after purchasing an additional 141 shares in the last quarter. Keybank National Association OH boosted its holdings in Mettler-Toledo International by 26.2% in the fourth quarter. Keybank National Association OH now owns 636 shares of the medical instruments supplier’s stock worth $778,000 after purchasing an additional 132 shares in the last quarter. Torray Investment Partners LLC boosted its holdings in Mettler-Toledo International by 1.0% in the fourth quarter. Torray Investment Partners LLC now owns 1,356 shares of the medical instruments supplier’s stock worth $1,659,000 after purchasing an additional 13 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Mettler-Toledo International by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,263 shares of the medical instruments supplier’s stock worth $172,861,000 after purchasing an additional 2,262 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Down 1.2 %

Shares of MTD opened at $1,201.93 on Friday. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The company has a 50-day moving average price of $1,295.17 and a two-hundred day moving average price of $1,319.52.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MTD shares. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company upped their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Citigroup decreased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,380.50.

Insiders Place Their Bets

In other 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 value of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International 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 transaction of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

About Mettler-Toledo International

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.