Raymond James Financial Inc. Buys Shares of 7,473 Mettler-Toledo International Inc. (NYSE:MTD)

Raymond James Financial Inc. acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,473 shares of the medical instruments supplier's stock, valued at approximately $9,145,000.

A number of other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Mettler-Toledo International during the 4th quarter worth about $33,000. Blue Trust Inc. lifted its position in shares of Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after purchasing an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $54,000. Sound Income Strategies LLC increased its holdings in shares of Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after purchasing an additional 45 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in Mettler-Toledo International by 80.0% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 54 shares of the medical instruments supplier's stock worth $81,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Insider Activity

In related news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now directly owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 790 shares of the business's 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 completion of the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts have commented on MTD shares. Citigroup decreased their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Evercore ISI raised 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. Wolfe Research initiated coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a "peer perform" rating for the company. Wells Fargo & Company raised their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Finally, Robert W. Baird boosted their price target 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $1,380.50.

Mettler-Toledo International Stock Up 1.0 %

NYSE MTD traded up $12.50 during trading on Monday, reaching $1,211.71. 121,602 shares of the stock traded hands, compared to its average volume of 127,600. The stock's 50-day moving average price is $1,291.57 and its 200 day moving average price is $1,308.45. The firm has a market cap of $25.25 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 591.54% and a net margin of 22.29%. Analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal 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.