Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,315 shares of the medical instruments supplier's stock after buying an additional 382 shares during the quarter. Cibc World Markets Corp's holdings in Mettler-Toledo International were worth $4,056,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at approximately $33,000. Blue Trust Inc. lifted its position in Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International during the fourth quarter worth $54,000. Sound Income Strategies LLC increased its position in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after acquiring an additional 45 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of 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 valued at $78,000 after acquiring an additional 8 shares during the period. Institutional investors own 95.07% of the company's stock.

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Mettler-Toledo International Stock Up 1.0 %

NYSE:MTD traded up $12.50 during mid-day trading on Monday, reaching $1,211.71. The company's stock had a trading volume of 121,602 shares, compared to its average volume of 127,600. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The stock has a fifty day moving average of $1,292.72 and a 200-day moving average of $1,309.68. The firm has a market capitalization of $25.25 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

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

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the business's stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction dated 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 sale, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

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

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.