M&T Bank Corp Purchases 615 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

M&T Bank Corp increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,926 shares of the medical instruments supplier's stock after purchasing an additional 615 shares during the quarter. M&T Bank Corp's holdings in Mettler-Toledo International were worth $7,387,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MTD. State Street Corp increased its stake in shares of Mettler-Toledo International by 1.0% in the 3rd quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier's stock valued at $1,431,693,000 after purchasing an additional 9,009 shares during the last quarter. Barclays PLC boosted its stake in Mettler-Toledo International by 8.3% in the third 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 in the last quarter. Loomis Sayles & Co. L P raised its stake in Mettler-Toledo International by 1.8% during the third quarter. Loomis Sayles & Co. L P now owns 209,902 shares of the medical instruments supplier's stock worth $314,790,000 after acquiring an additional 3,644 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Mettler-Toledo International by 17.5% in the third quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier's stock worth $266,891,000 after acquiring an additional 26,443 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Mettler-Toledo International by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 157,247 shares of the medical instruments supplier's stock valued at $219,767,000 after purchasing an additional 2,866 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $6.29 on Thursday, hitting $1,276.92. The company had a trading volume of 79,231 shares, compared to its average volume of 135,575. Mettler-Toledo International Inc. has a twelve month low of $1,115.44 and a twelve month high of $1,546.93. The firm has a market cap of $26.95 billion, a P/E ratio of 34.28, a P/E/G ratio of 4.15 and a beta of 1.13. The stock's 50-day moving average is $1,313.09 and its two-hundred day moving average is $1,379.52.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Equities research analysts predict that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

Wall Street Analyst Weigh In

MTD has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of 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. Citigroup raised Mettler-Toledo International from a "sell" rating to a "neutral" rating and raised their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday. Wells Fargo & Company reduced their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Evercore ISI increased their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research report on Tuesday, October 1st. Finally, Robert W. Baird reduced their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1,351.25.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now owns 6 shares of the company's stock, valued at $7,524.54. This represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate 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.