Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,385 shares of the medical instruments supplier’s stock after purchasing an additional 40 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Mettler-Toledo International were worth $1,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. International Assets Investment Management LLC boosted its stake in shares of Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock worth $134,946,000 after acquiring an additional 89,922 shares in the last quarter. Seilern Investment Management Ltd bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth $89,221,000. Canoe Financial LP boosted its stake in shares of Mettler-Toledo International by 576.5% during the 4th quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock worth $67,936,000 after acquiring an additional 47,311 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Mettler-Toledo International by 610.4% during the 3rd quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock worth $50,183,000 after acquiring an additional 28,752 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Mettler-Toledo International by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock worth $332,634,000 after acquiring an additional 28,478 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTD. Evercore ISI raised Mettler-Toledo International from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company cut their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Robert W. Baird cut their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Finally, Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their target price for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,351.25.

Mettler-Toledo International Stock Down 0.3 %

MTD opened at $1,330.84 on Friday. Mettler-Toledo International Inc. has a 12 month low of $1,133.46 and a 12 month high of $1,546.93. The company has a fifty day simple moving average of $1,250.00 and a 200 day simple moving average of $1,343.25. The stock has a market cap of $28.08 billion, a P/E ratio of 35.88, a P/E/G ratio of 4.19 and a beta of 1.12.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. On average, equities research analysts expect that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International 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 value of $99,693.00. Following the completion of the sale, the director now directly owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 6 shares in the company, valued at $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

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.