Grandfield & Dodd LLC Has $15.18 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Grandfield & Dodd LLC lifted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,407 shares of the medical instruments supplier's stock after acquiring an additional 778 shares during the quarter. Grandfield & Dodd LLC owned about 0.06% of Mettler-Toledo International worth $15,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Mettler-Toledo International during the 4th quarter valued at $33,000. Blue Trust Inc. grew its holdings in Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new stake in Mettler-Toledo International in the third quarter worth about $37,000. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $54,000. Finally, Sound Income Strategies LLC lifted its holdings in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 0.3 %

NYSE:MTD traded down $3.28 during trading hours on Monday, hitting $1,269.44. 196,922 shares of the stock traded hands, compared to its average volume of 139,026. The firm has a 50 day moving average price of $1,291.19 and a 200 day moving average price of $1,329.08. The firm has a market cap of $26.55 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93.

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, 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 predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In other news, 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 transaction, the insider now directly owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gerry Keller sold 600 shares of the company's stock in a transaction 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 $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,530 shares of company stock valued at $2,024,192 over the last three months. 1.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MTD shares. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Wells Fargo & Company lifted their price target 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 Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their price target for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Finally, Wolfe Research began coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,368.00.

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.