Massachusetts Financial Services Co. MA Purchases 74,187 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Massachusetts Financial Services Co. MA boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 53.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,281 shares of the medical instruments supplier's stock after purchasing an additional 74,187 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.02% of Mettler-Toledo International worth $262,211,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MTD. Farther Finance Advisors LLC increased its stake in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after acquiring an additional 8 shares during the last quarter. M3 Advisory Group LLC increased its stake in Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock valued at $202,000 after purchasing an additional 9 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock worth $451,000 after purchasing an additional 9 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Mettler-Toledo International by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock worth $374,000 after purchasing an additional 9 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of Mettler-Toledo International by 0.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier's stock valued at $2,549,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

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Insider Activity

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 sale, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 completion of the transaction, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MTD. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a research note on Monday. Evercore ISI lifted their price objective 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. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating for the company. Robert W. Baird raised their target price on shares of 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. Finally, Wells Fargo & Company upped their price target 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 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 stock presently has an average rating of "Hold" and a consensus target price of $1,380.50.

Mettler-Toledo International Trading Up 9.1 %

Shares of NYSE MTD traded up $88.90 during midday trading on Wednesday, reaching $1,061.41. The company's stock had a trading volume of 423,581 shares, compared to its average volume of 136,719. The stock has a 50 day simple moving average of $1,230.71 and a 200-day simple moving average of $1,281.55. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued 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 net margin of 22.29% and a negative return on equity of 591.54%. As a group, equities analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current 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.