Kestra Private Wealth Services LLC Buys 556 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Kestra Private Wealth Services LLC lifted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 251.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 777 shares of the medical instruments supplier's stock after acquiring an additional 556 shares during the period. Kestra Private Wealth Services LLC's holdings in Mettler-Toledo International were worth $951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTD. Blue Trust Inc. increased its holdings in Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the third quarter worth about $37,000. Raleigh Capital Management Inc. raised its position in Mettler-Toledo International by 272.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier's stock valued at $61,000 after buying an additional 30 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after acquiring an additional 45 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Mettler-Toledo International by 60.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier's stock worth $72,000 after acquiring an additional 18 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Gerry Keller sold 140 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Trading Down 1.8 %

Shares of MTD traded down $23.70 during mid-day trading on Monday, reaching $1,273.44. The company's stock had a trading volume of 121,069 shares, compared to its average volume of 114,468. Mettler-Toledo International Inc. has a 1-year low of $1,142.91 and a 1-year high of $1,546.93. The business has a 50-day simple moving average of $1,284.29 and a two-hundred day simple moving average of $1,337.41. The stock has a market cap of $26.64 billion, a P/E ratio of 31.42, a PEG ratio of 4.80 and a beta of 1.13.

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 (EPS) for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. Research analysts anticipate that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating on the stock. Citigroup upgraded shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Wells Fargo & Company lifted 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 report on Monday, February 10th. Finally, Evercore ISI increased their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $1,368.00.

Mettler-Toledo International Company 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.