Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 373.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,801 shares of the medical instruments supplier's stock after purchasing an additional 2,210 shares during the quarter. Tower Research Capital LLC TRC's holdings in Mettler-Toledo International were worth $3,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Mettler-Toledo International in the fourth quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at $44,000. Blue Trust Inc. lifted its holdings in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter valued at $54,000. Finally, Sound Income Strategies LLC boosted its position in 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 purchasing an additional 45 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This 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 currently owned by company insiders.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $12.48 during trading on Friday, reaching $1,062.52. The stock had a trading volume of 165,723 shares, compared to its average volume of 142,983. The firm's 50 day moving average price is $1,164.25 and its two-hundred day moving average price is $1,249.32. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The stock has a market cap of $22.14 billion, a PE ratio of 26.22, a P/E/G ratio of 3.30 and a beta of 1.28.

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 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%. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company reduced their price objective on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird decreased their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday. Evercore ISI increased 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 report on Monday, February 10th. Finally, Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a report on Monday, April 7th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $1,304.25.

About Mettler-Toledo International

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.