Northwest & Ethical Investments L.P. boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,906 shares of the medical instruments supplier's stock after buying an additional 1,474 shares during the period. Northwest & Ethical Investments L.P. owned 0.10% of Mettler-Toledo International worth $25,582,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its stake in Mettler-Toledo International by 1,940.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier's stock valued at $27,604,000 after purchasing an additional 17,504 shares during the period. Quest Partners LLC boosted its position in shares of Mettler-Toledo International by 878.1% during the third quarter. Quest Partners LLC now owns 1,027 shares of the medical instruments supplier's stock worth $1,540,000 after buying an additional 922 shares during the period. OneAscent Financial Services LLC bought a new position in Mettler-Toledo International in the 3rd quarter worth approximately $211,000. Fifth Third Wealth Advisors LLC increased its position in Mettler-Toledo International by 15.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 304 shares of the medical instruments supplier's stock valued at $456,000 after acquiring an additional 41 shares during the period. Finally, Banque Cantonale Vaudoise raised its stake in Mettler-Toledo International by 1.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,055 shares of the medical instruments supplier's stock valued at $3,082,000 after acquiring an additional 35 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.
Mettler-Toledo International Price Performance
MTD traded up $12.50 during trading on Monday, reaching $1,211.71. 121,602 shares of the stock traded hands, compared to its average volume of 127,600. The stock's 50-day simple moving average is $1,291.57 and its two-hundred day simple moving average is $1,308.45. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93. The stock has a market cap of $25.25 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.
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 591.54% and a net margin of 22.29%. Research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the firm'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 transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 790 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares of the company's stock, valued at $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating for the company. Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Finally, Robert W. Baird increased their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $1,380.50.
Read Our Latest Stock Report on Mettler-Toledo International
Mettler-Toledo International Company Profile
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Free Report)
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.
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