Empower Advisory Group LLC Sells 245 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Empower Advisory Group LLC decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 400 shares of the medical instruments supplier's stock after selling 245 shares during the quarter. Empower Advisory Group LLC's holdings in Mettler-Toledo International were worth $489,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MTD. Truist Financial Corp boosted its position in shares of Mettler-Toledo International by 1.3% during the 4th quarter. Truist Financial Corp now owns 1,053 shares of the medical instruments supplier's stock valued at $1,289,000 after acquiring an additional 14 shares in the last quarter. CIBC Asset Management Inc raised its position in Mettler-Toledo International by 4.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,235 shares of the medical instruments supplier's stock worth $3,959,000 after purchasing an additional 128 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Mettler-Toledo International by 3.3% during the fourth quarter. Sanctuary Advisors LLC now owns 534 shares of the medical instruments supplier's stock valued at $653,000 after acquiring an additional 17 shares during the period. Principal Financial Group Inc. grew its position in shares of Mettler-Toledo International by 13.9% during the 4th quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier's stock worth $335,977,000 after buying an additional 33,456 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. raised its position in shares of Mettler-Toledo International by 68.9% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 5,571 shares of the medical instruments supplier's stock valued at $6,817,000 after acquiring an additional 2,272 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Analysts Set New Price Targets

MTD has been the topic of a number of analyst reports. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Robert W. Baird upped their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Stifel Nicolaus lowered their target price 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. Evercore ISI increased their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and increased their target price for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $1,368.00.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Down 1.3 %

Shares of NYSE:MTD traded down $16.51 during midday trading on Friday, reaching $1,286.62. The company had a trading volume of 62,734 shares, compared to its average volume of 135,559. The business's 50 day moving average price is $1,285.38 and its 200 day moving average price is $1,334.09. The stock has a market cap of $26.92 billion, a PE ratio of 31.75, a P/E/G ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a 1-year low of $1,142.91 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

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.