Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 14.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,527 shares of the medical instruments supplier's stock after acquiring an additional 1,607 shares during the period. Bank of Nova Scotia owned about 0.06% of Mettler-Toledo International worth $15,329,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MTD. Farther Finance Advisors LLC grew its stake in Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after purchasing an additional 8 shares in the last quarter. M3 Advisory Group LLC increased its stake in shares of Mettler-Toledo International by 5.8% during the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock valued at $202,000 after buying an additional 9 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock valued at $451,000 after acquiring an additional 9 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Mettler-Toledo International by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock worth $374,000 after acquiring an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp grew its holdings in Mettler-Toledo International by 0.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier's stock worth $2,549,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

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Insider Activity at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the business's stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 790 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was 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 owns 734 shares in the company, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on MTD. Wells Fargo & Company boosted 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 boosted their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research report on Monday, April 7th. Finally, Robert W. Baird boosted their price target 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $1,380.50.

Mettler-Toledo International Stock Performance

MTD stock traded down $36.41 during trading on Tuesday, reaching $1,046.44. The company had a trading volume of 185,560 shares, compared to its average volume of 139,729. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The firm has a 50-day simple moving average of $1,212.28 and a 200-day simple moving average of $1,271.57.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping the consensus estimate 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%. Sell-side analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

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.