XTX Topco Ltd Acquires 1,307 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

XTX Topco Ltd increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 656.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,506 shares of the medical instruments supplier's stock after purchasing an additional 1,307 shares during the quarter. XTX Topco Ltd's holdings in Mettler-Toledo International were worth $1,843,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International during the fourth quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Mettler-Toledo International in the 4th quarter valued at approximately $44,000. Blue Trust Inc. boosted its position in shares of Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter worth $54,000. Finally, Sound Income Strategies LLC increased its position in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after acquiring an additional 45 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

NYSE MTD traded down $11.93 during trading hours on Friday, reaching $1,004.72. The company's stock had a trading volume of 212,078 shares, compared to its average volume of 140,553. The firm has a fifty day simple moving average of $1,191.96 and a 200-day simple moving average of $1,264.86. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The stock has a market cap of $20.94 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results 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 negative return on equity of 591.54% and a net margin of 22.29%. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International 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 owns 734 shares of the company's stock, valued at $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a research note on Monday, April 7th. Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Wells Fargo & Company reduced their target price on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a research note on Thursday. 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 stock a "neutral" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $1,346.13.

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.