M&T Bank Corp boosted its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,926 shares of the medical instruments supplier's stock after purchasing an additional 615 shares during the period. M&T Bank Corp's holdings in Mettler-Toledo International were worth $7,387,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in Mettler-Toledo International during the second quarter worth $25,000. Verdence Capital Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 2nd quarter valued at about $238,000. Railway Pension Investments Ltd acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at about $1,258,000. AustralianSuper Pty Ltd acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at about $727,000. Finally, Checchi Capital Advisers LLC grew its position in Mettler-Toledo International by 16.4% during the second quarter. Checchi Capital Advisers LLC now owns 206 shares of the medical instruments supplier's stock worth $288,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.
A number of research firms have recently issued reports on MTD. Stifel Nicolaus reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research report on Monday, November 11th. Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research report on Tuesday, October 1st. Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research report on Monday, November 11th. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $1,351.25.
View Our Latest Research Report on MTD
In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now owns 240 shares of the company's stock, valued at $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gerry Keller sold 140 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the sale, the insider now directly owns 6 shares of the company's stock, valued at $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.
Shares of NYSE MTD opened at $1,230.74 on Monday. The company has a market cap of $25.97 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 4.21 and a beta of 1.13. The company has a 50-day simple moving average of $1,283.82 and a 200-day simple moving average of $1,370.71. Mettler-Toledo International Inc. has a 12 month low of $1,115.64 and a 12 month high of $1,546.93.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The company had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. On average, analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.
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.
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