FIL Ltd Buys 4,546 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

FIL Ltd grew its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,476 shares of the medical instruments supplier's stock after buying an additional 4,546 shares during the quarter. FIL Ltd owned 0.23% of Mettler-Toledo International worth $59,319,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in Mettler-Toledo International by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock valued at $332,634,000 after buying an additional 28,478 shares during the last quarter. M&T Bank Corp grew its position in Mettler-Toledo International by 14.3% in the 3rd quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier's stock worth $7,387,000 after purchasing an additional 615 shares in the last quarter. Allworth Financial LP increased its position in shares of Mettler-Toledo International by 367.4% during the fourth quarter. Allworth Financial LP now owns 215 shares of the medical instruments supplier's stock valued at $285,000 after acquiring an additional 169 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Mettler-Toledo International by 29.8% in the 4th quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier's stock worth $129,919,000 after buying an additional 24,285 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Mettler-Toledo International by 18.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,370 shares of the medical instruments supplier's stock worth $42,058,000 after buying an additional 5,234 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

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Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, 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 value of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christian Magloth sold 790 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

MTD has been the subject of several research analyst reports. Robert W. Baird raised 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. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a report on Monday, April 7th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company raised their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1,380.50.

Mettler-Toledo International Stock Down 1.7 %

Shares of Mettler-Toledo International stock traded down $18.29 during trading on Tuesday, hitting $1,064.56. 94,724 shares of the stock traded hands, compared to its average volume of 159,267. The firm's fifty day moving average is $1,212.28 and its 200-day moving average is $1,271.57. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data 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 net margin of 22.29% and a negative return on equity of 591.54%. On average, analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal 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.