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

M&T Bank Corp increased its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 14.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,926 shares of the medical instruments supplier's stock after acquiring 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 quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of Mettler-Toledo International by 342.9% in the third quarter. TD Private Client Wealth LLC now owns 186 shares of the medical instruments supplier's stock worth $279,000 after acquiring an additional 144 shares in the last quarter. Toronto Dominion Bank boosted its stake in Mettler-Toledo International by 0.8% in the 3rd quarter. Toronto Dominion Bank now owns 10,724 shares of the medical instruments supplier's stock worth $16,083,000 after purchasing an additional 85 shares during the period. Coldstream Capital Management Inc. grew its position in Mettler-Toledo International by 23.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 354 shares of the medical instruments supplier's stock worth $513,000 after purchasing an additional 67 shares in the last quarter. Geode Capital Management LLC raised its stake in Mettler-Toledo International by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 547,439 shares of the medical instruments supplier's stock valued at $818,906,000 after purchasing an additional 4,166 shares during the period. Finally, Vestcor Inc raised its stake in Mettler-Toledo International by 40.3% during the 3rd quarter. Vestcor Inc now owns 1,425 shares of the medical instruments supplier's stock valued at $2,137,000 after purchasing an additional 409 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 0.3 %

Shares of MTD traded up $3.65 during mid-day trading on Monday, hitting $1,234.39. 87,679 shares of the company's stock were exchanged, compared to its average volume of 135,700. Mettler-Toledo International Inc. has a twelve month low of $1,115.64 and a twelve month high of $1,546.93. The firm has a fifty day moving average of $1,283.82 and a two-hundred day moving average of $1,370.13. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 4.21 and a beta of 1.13.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MTD. Evercore ISI lifted their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a report on Tuesday, October 1st. Robert W. Baird decreased their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research report on Monday, November 11th. Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their target price for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Stifel Nicolaus decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a report on Monday, November 11th. Finally, Wells Fargo & Company cut their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $1,351.25.

Insider Buying and Selling

In other news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % 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 Gerry Keller sold 140 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the transaction, the insider now directly 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. Corporate insiders own 1.94% of the company's stock.

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.