Lee Danner & Bass Inc. Acquires Shares of 357 Mettler-Toledo International Inc. (NYSE:MTD)

Lee Danner & Bass Inc. bought a new position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 357 shares of the medical instruments supplier's stock, valued at approximately $437,000.

Several other large investors have also recently bought and sold shares of MTD. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International in the fourth quarter worth approximately $33,000. Blue Trust Inc. increased its holdings in shares of Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $54,000. Sound Income Strategies LLC lifted its holdings in shares of Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after acquiring an additional 45 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in Mettler-Toledo International by 80.0% in the third quarter. Itau Unibanco Holding S.A. now owns 54 shares of the medical instruments supplier's stock worth $81,000 after acquiring an additional 24 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider now directly owns 6 shares in the company, valued at $8,108.04. The trade was a 99.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

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Analyst Upgrades and Downgrades

MTD has been the topic of a number of research reports. Citigroup lowered their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Wolfe Research began coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a "peer perform" rating on the stock. Robert W. Baird upped their target price on 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. Wells Fargo & Company lifted their price target on shares of 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. Finally, Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mettler-Toledo International has an average rating of "Hold" and a consensus target price of $1,380.50.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $9.26 during mid-day trading on Tuesday, hitting $1,202.80. The stock had a trading volume of 21,362 shares, compared to its average volume of 127,553. The firm has a market cap of $25.07 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. The business has a 50 day moving average price of $1,291.57 and a two-hundred day moving average price of $1,308.45. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93.

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