Wolverine Asset Management LLC Invests $485,000 in Mettler-Toledo International Inc. (NYSE:MTD)

Wolverine Asset Management LLC purchased a new position in Mettler-Toledo International Inc. (NYSE:MTD) in the fourth quarter, Holdings Channel reports. The fund purchased 400 shares of the medical instruments supplier’s stock, valued at approximately $485,000.

A number of other hedge funds have also bought and sold shares of MTD. AE Wealth Management LLC grew its stake in Mettler-Toledo International by 13.3% in the third quarter. AE Wealth Management LLC now owns 187 shares of the medical instruments supplier’s stock worth $207,000 after purchasing an additional 22 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Mettler-Toledo International by 45.3% in the third quarter. Exchange Traded Concepts LLC now owns 292 shares of the medical instruments supplier’s stock worth $324,000 after purchasing an additional 91 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in Mettler-Toledo International in the third quarter worth about $219,000. Czech National Bank grew its stake in Mettler-Toledo International by 46.6% in the third quarter. Czech National Bank now owns 3,821 shares of the medical instruments supplier’s stock worth $4,234,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Mettler-Toledo International by 8.9% in the third quarter. Asset Management One Co. Ltd. now owns 16,777 shares of the medical instruments supplier’s stock worth $18,590,000 after purchasing an additional 1,366 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of research reports. Evercore ISI lifted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and a consensus price target of $1,233.25.

Mettler-Toledo International Stock Up 0.4 %

Shares of MTD stock opened at $1,238.09 on Friday. The business has a 50 day moving average of $1,274.38 and a two-hundred day moving average of $1,175.98. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,525.14. The company has a market cap of $26.48 billion, a P/E ratio of 34.50, a PEG ratio of 3.37 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. During the same period last year, the company earned $12.10 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. Analysts expect that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christian Magloth sold 400 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock valued at $1,170,256 in the last three months. 1.94% of the stock is currently owned by corporate insiders.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.