Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,037 shares of the medical instruments supplier's stock after purchasing an additional 530 shares during the period. Mettler-Toledo International accounts for about 2.9% of Mar Vista Investment Partners LLC's holdings, making the stock its 15th biggest holding. Mar Vista Investment Partners LLC owned approximately 0.17% of Mettler-Toledo International worth $42,874,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MTD. Barclays PLC raised its position in shares of Mettler-Toledo International by 8.3% during the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock valued at $384,822,000 after buying an additional 19,609 shares during the period. Sanctuary Advisors LLC raised its position in Mettler-Toledo International by 44.4% in the third quarter. Sanctuary Advisors LLC now owns 517 shares of the medical instruments supplier's stock valued at $775,000 after purchasing an additional 159 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Mettler-Toledo International in the 3rd quarter valued at $111,000. Tidal Investments LLC lifted its position in Mettler-Toledo International by 1,073.6% in the third quarter. Tidal Investments LLC now owns 16,407 shares of the medical instruments supplier's stock valued at $24,606,000 after buying an additional 15,009 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Mettler-Toledo International in the 3rd quarter worth approximately $1,164,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MTD. Evercore ISI raised their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a report on Monday, April 7th. Robert W. Baird lowered their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company cut their target price on shares of 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. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and an average price target of $1,304.25.

Mettler-Toledo International Stock Up 3.5 %

Shares of MTD opened at $1,004.51 on Wednesday. The company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The stock has a 50 day moving average price of $1,172.72 and a 200 day moving average price of $1,253.42.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping analysts' consensus estimates 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%. On average, equities analysts anticipate 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 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 value of $810,804.00. Following the transaction, the insider now owns 6 shares of the company's stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of the business'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 completion of the transaction, the insider now directly owns 734 shares in the company, valued at $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 owned by company insiders.

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.

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