OFI Invest Asset Management Invests $727,000 in Mettler-Toledo International Inc. (NYSE:MTD)

OFI Invest Asset Management bought a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 615 shares of the medical instruments supplier's stock, valued at approximately $727,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTD. Atlantic Union Bankshares Corp lifted its stake 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 valued at $2,549,000 after buying an additional 10 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Mettler-Toledo International by 6.6% during the 4th quarter. Larson Financial Group LLC now owns 305 shares of the medical instruments supplier's stock valued at $373,000 after buying an additional 19 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Mettler-Toledo International by 34.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,588 shares of the medical instruments supplier's stock valued at $12,956,000 after buying an additional 2,705 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Mettler-Toledo International by 14.2% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,070 shares of the medical instruments supplier's stock valued at $16,103,000 after buying an additional 1,629 shares in the last quarter. Finally, Andra AP fonden lifted its stake in shares of Mettler-Toledo International by 15.6% during the 4th quarter. Andra AP fonden now owns 15,600 shares of the medical instruments supplier's stock valued at $19,089,000 after buying an additional 2,100 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on MTD shares. Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating on the stock. Wells Fargo & Company increased their target price 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 note on Monday, February 10th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Robert W. Baird increased their target price 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. Finally, Citigroup lowered their target price on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of "Hold" and an average target price of $1,380.50.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the 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 owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 600 shares of the firm'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 sale, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Trading Down 1.2 %

Shares of NYSE:MTD traded down $14.09 during trading on Thursday, reaching $1,201.93. The company had a trading volume of 129,573 shares, compared to its average volume of 141,190. The company has a fifty day moving average of $1,295.55 and a two-hundred day moving average of $1,320.34. The stock has a market capitalization of $25.14 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating the consensus estimate 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%. As a group, equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

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.