Invesco Ltd. Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Invesco Ltd. grew its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,462 shares of the medical instruments supplier's stock after purchasing an additional 29,785 shares during the period. Invesco Ltd. owned approximately 0.86% of Mettler-Toledo International worth $222,052,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MTD. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International in the fourth quarter worth about $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International during the 4th quarter worth approximately $44,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after purchasing an additional 17 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter worth $54,000. Finally, Sound Income Strategies LLC lifted its stake in shares of 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 worth $56,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 3.4 %

MTD stock traded down $36.41 during midday trading on Tuesday, reaching $1,046.44. The stock had a trading volume of 243,178 shares, compared to its average volume of 139,734. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The company's fifty day simple moving average is $1,212.28 and its 200 day simple moving average is $1,271.57. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28.

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

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company's stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. 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. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research report on Monday, April 7th. Evercore ISI raised 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 report on Monday, February 10th. Finally, 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 report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1,380.50.

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.