JPMorgan Chase & Co. Buys 6,132 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

JPMorgan Chase & Co. boosted its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,931 shares of the medical instruments supplier's stock after purchasing an additional 6,132 shares during the period. JPMorgan Chase & Co. owned 1.08% of Mettler-Toledo International worth $278,915,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. M&T Bank Corp raised its holdings 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 valued at $7,387,000 after buying an additional 615 shares during the last quarter. Allworth Financial LP raised its stake 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 lifted its holdings in shares of Mettler-Toledo International by 29.8% during the fourth quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier's stock worth $129,919,000 after purchasing an additional 24,285 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Mettler-Toledo International by 18.0% in 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 purchasing an additional 5,234 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Mettler-Toledo International by 773.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,336 shares of the medical instruments supplier's stock valued at $6,530,000 after purchasing an additional 4,725 shares during the period. 95.07% of the stock is currently owned by institutional investors.

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Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International 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 owns 6 shares of the company's stock, valued at $8,108.04. This represents 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 owned by insiders.

Mettler-Toledo International Stock Down 6.7 %

MTD traded down $73.27 during midday trading on Friday, hitting $1,021.97. The company had a trading volume of 424,774 shares, compared to its average volume of 133,349. The stock's 50 day moving average price is $1,264.13 and its 200 day moving average price is $1,295.07. Mettler-Toledo International Inc. has a 52 week low of $1,003.65 and a 52 week high of $1,546.93. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.30 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

MTD has been the topic of several recent research reports. Robert W. Baird lifted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Evercore ISI upped their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Citigroup lowered their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating for the company. Finally, Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.