Proficio Capital Partners LLC Makes New Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Proficio Capital Partners LLC acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 133,381 shares of the medical instruments supplier's stock, valued at approximately $163,216,000. Mettler-Toledo International comprises approximately 2.1% of Proficio Capital Partners LLC's holdings, making the stock its 3rd biggest position. Proficio Capital Partners LLC owned approximately 0.63% of Mettler-Toledo International at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Huntington National Bank boosted its stake in Mettler-Toledo International by 20.0% in the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier's stock valued at $81,000 after acquiring an additional 9 shares during the period. Townsquare Capital LLC lifted its stake in Mettler-Toledo International by 2.0% in the third quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier's stock valued at $693,000 after buying an additional 9 shares during the last quarter. M3 Advisory Group LLC boosted its holdings in shares of Mettler-Toledo International by 5.8% during 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 grew its position in shares of 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings 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 worth $374,000 after acquiring an additional 9 shares during the period. Institutional investors own 95.07% of the company's stock.

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Analysts Set New Price Targets

MTD has been the subject of several recent analyst reports. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating for the company. Wells Fargo & Company increased their price objective on 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. Evercore ISI lifted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Citigroup decreased their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $1,380.50.

Mettler-Toledo International Price Performance

Shares of MTD traded up $4.31 during midday trading on Monday, reaching $1,234.56. The stock had a trading volume of 103,249 shares, compared to its average volume of 127,539. The company has a market capitalization of $25.82 billion, a P/E ratio of 30.46, a P/E/G ratio of 3.30 and a beta of 1.15. The firm's 50 day moving average price is $1,295.03 and its 200-day moving average price is $1,316.72. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping 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%. On average, equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Gerry Keller sold 600 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christian Magloth sold 790 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the sale, the insider now owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 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.