LPL Financial LLC Purchases 953 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

LPL Financial LLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 25.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,646 shares of the medical instruments supplier's stock after purchasing an additional 953 shares during the quarter. LPL Financial LLC's holdings in Mettler-Toledo International were worth $5,686,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTD. Fox Run Management L.L.C. bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $318,000. KLP Kapitalforvaltning AS bought a new stake in Mettler-Toledo International during the fourth quarter worth $19,069,000. Hillsdale Investment Management Inc. bought a new stake in Mettler-Toledo International during the fourth quarter worth $746,000. Mizuho Securities USA LLC raised its position in Mettler-Toledo International by 45.3% in the 4th quarter. Mizuho Securities USA LLC now owns 2,000 shares of the medical instruments supplier's stock valued at $2,447,000 after buying an additional 624 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Mettler-Toledo International during the 4th quarter valued at $2,577,000. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Performance

NYSE MTD traded up $43.57 on Friday, hitting $1,041.26. 324,135 shares of the stock traded hands, compared to its average volume of 138,835. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.30 and a beta of 1.28. The business's fifty day moving average is $1,217.84 and its two-hundred day moving average is $1,275.83. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93.

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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 negative return on equity of 591.54% and a net margin of 22.29%. Analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Gerry Keller sold 600 shares of the company's stock in a transaction dated Monday, February 10th. The stock was 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. This represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christian Magloth sold 790 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 734 shares of the company's stock, valued at $964,248.46. This trade represents a 51.84 % 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.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MTD shares. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating for the company. Wells Fargo & Company upped their price objective 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 report on Monday, February 10th. Citigroup raised shares of 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 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. Finally, Robert W. Baird lifted their price target 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $1,380.50.

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.