National Bank of Canada FI Has $14.22 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

National Bank of Canada FI trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,623 shares of the medical instruments supplier's stock after selling 2,829 shares during the period. National Bank of Canada FI owned approximately 0.06% of Mettler-Toledo International worth $14,224,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MTD. Farther Finance Advisors LLC lifted its stake in Mettler-Toledo International by 14.3% during the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after purchasing an additional 8 shares during the period. M3 Advisory Group LLC grew its position in Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock valued at $202,000 after acquiring an additional 9 shares during the period. Apollon Wealth Management LLC raised its stake in Mettler-Toledo International by 2.5% during the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock worth $451,000 after acquiring an additional 9 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Mettler-Toledo International by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock valued at $374,000 after purchasing an additional 9 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in shares of Mettler-Toledo International by 0.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier's stock worth $2,549,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

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Analysts Set New Price Targets

Several analysts have weighed in on MTD shares. Wells Fargo & Company raised their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Robert W. Baird boosted their price objective on 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. Evercore ISI lifted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research report on Monday. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating on the stock. 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, the company currently has an average rating of "Hold" and an average price target of $1,380.50.

Mettler-Toledo International Trading Down 8.4 %

Shares of NYSE:MTD traded down $88.91 during mid-day trading on Thursday, reaching $972.75. The stock had a trading volume of 73,225 shares, compared to its average volume of 151,942. The firm has a market cap of $20.27 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. The firm has a 50 day simple moving average of $1,230.71 and a two-hundred day simple moving average of $1,281.55. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts' consensus estimates 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, equities analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the company's stock in a transaction dated Monday, February 24th. The stock was 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 of the company's stock, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

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.