Czech National Bank Has $5.60 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Czech National Bank boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,576 shares of the medical instruments supplier's stock after buying an additional 254 shares during the period. Czech National Bank's holdings in Mettler-Toledo International were worth $5,600,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MTD. Blue Trust Inc. lifted its stake in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after acquiring an additional 17 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Mettler-Toledo International in the 3rd quarter valued at approximately $37,000. Itau Unibanco Holding S.A. purchased a new stake in Mettler-Toledo International in the 2nd quarter worth approximately $42,000. Raleigh Capital Management Inc. boosted its stake in shares of Mettler-Toledo International by 272.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier's stock valued at $61,000 after buying an additional 30 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Mettler-Toledo International by 60.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier's stock valued at $72,000 after buying an additional 18 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the sale, the director now owns 240 shares of the company's stock, valued at $314,820. The trade was a 24.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gerry Keller sold 140 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now directly owns 6 shares of the company's stock, valued at $7,524.54. The trade was a 95.89 % 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.

Mettler-Toledo International Stock Performance

Shares of MTD traded up $18.25 during mid-day trading on Thursday, hitting $1,297.98. The company's stock had a trading volume of 105,934 shares, compared to its average volume of 123,633. The stock's 50-day moving average is $1,244.08 and its two-hundred day moving average is $1,344.96. The firm has a market capitalization of $27.39 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 3.83 and a beta of 1.12. Mettler-Toledo International Inc. has a one year low of $1,133.46 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Analysts expect that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Citigroup raised shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their price target for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Robert W. Baird dropped their target price on 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. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a report on Monday, November 11th. Wells Fargo & Company dropped their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Finally, Evercore ISI upgraded shares of Mettler-Toledo International from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and a consensus price target of $1,351.25.

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.