Mettler-Toledo International Inc. (NYSE:MTD) Holdings Raised by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,131 shares of the medical instruments supplier's stock after acquiring an additional 339 shares during the quarter. Federated Hermes Inc.'s holdings in Mettler-Toledo International were worth $6,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in Mettler-Toledo International during the 4th quarter worth approximately $120,000. Nutshell Asset Management Ltd purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at $3,206,000. Russell Investments Group Ltd. boosted its position in Mettler-Toledo International by 26.6% during the 4th quarter. Russell Investments Group Ltd. now owns 90,331 shares of the medical instruments supplier's stock worth $110,505,000 after purchasing an additional 18,988 shares during the period. Aviva PLC raised its position in Mettler-Toledo International by 64.0% in the fourth quarter. Aviva PLC now owns 13,315 shares of the medical instruments supplier's stock valued at $16,293,000 after purchasing an additional 5,195 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth about $7,971,000. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the 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 sale, the insider now owns 734 shares of the company's stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the business's 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 transaction, the insider now directly owns 6 shares of the company's stock, valued at $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. 1.94% of the stock is currently owned by company insiders.

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Mettler-Toledo International Price Performance

Shares of NYSE:MTD traded down $36.41 during trading on Tuesday, reaching $1,046.44. 243,178 shares of the company's stock traded hands, compared to its average volume of 139,734. The company has a 50 day moving average of $1,212.28 and a 200-day moving average of $1,271.57. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The stock has a market capitalization of $21.81 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping 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%. Equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MTD shares. 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. Evercore ISI lifted their price target 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. Wells Fargo & Company raised 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. Finally, Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $1,380.50.

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.