Paragon Capital Management Inc. Has $1.27 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Paragon Capital Management Inc. lifted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,038 shares of the medical instruments supplier’s stock after purchasing an additional 17 shares during the period. Paragon Capital Management Inc.’s holdings in Mettler-Toledo International were worth $1,270,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MTD. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 28,478 shares in the last quarter. Quest Partners LLC boosted its holdings in Mettler-Toledo International by 878.1% in the third quarter. Quest Partners LLC now owns 1,027 shares of the medical instruments supplier’s stock valued at $1,540,000 after acquiring an additional 922 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Mettler-Toledo International by 14.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock worth $1,860,000 after purchasing an additional 152 shares during the period. M&T Bank Corp raised its holdings in Mettler-Toledo International by 14.3% during the 3rd quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier’s stock worth $7,387,000 after purchasing an additional 615 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Mettler-Toledo International by 29.8% during the 4th quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier’s stock valued at $129,919,000 after purchasing an additional 24,285 shares during the period. 95.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MTD shares. Robert W. Baird dropped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Stifel Nicolaus dropped their target price 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. Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating on the stock. Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Finally, Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their target price for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,351.25.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction 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 completion of the sale, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,338.90 on Wednesday. The firm’s 50-day simple moving average is $1,269.38 and its 200 day simple moving average is $1,343.05. The firm has a market cap of $28.25 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 4.83 and a beta of 1.13. Mettler-Toledo International Inc. has a 52 week low of $1,133.46 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The company had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current 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.