Linden Thomas Advisory Services LLC Increases Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Linden Thomas Advisory Services LLC boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp grew its holdings in shares of Mettler-Toledo International by 7.6% during the 4th quarter. Fifth Third Bancorp now owns 878 shares of the medical instruments supplier’s stock valued at $1,074,000 after purchasing an additional 62 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after purchasing an additional 45 shares during the period. Crown Oak Advisors LLC lifted its position in shares of Mettler-Toledo International by 14.2% in the 4th quarter. Crown Oak Advisors LLC now owns 5,644 shares of the medical instruments supplier’s stock worth $6,906,000 after purchasing an additional 702 shares during the period. Apeiron RIA LLC lifted its position in shares of Mettler-Toledo International by 22.0% in the 4th quarter. Apeiron RIA LLC now owns 311 shares of the medical instruments supplier’s stock worth $381,000 after purchasing an additional 56 shares during the period. Finally, Inspire Investing LLC lifted its position in shares of Mettler-Toledo International by 0.7% in the 4th quarter. Inspire Investing LLC now owns 2,058 shares of the medical instruments supplier’s stock worth $2,518,000 after purchasing an additional 14 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTD has been the subject of a number of recent research reports. Evercore ISI raised shares of Mettler-Toledo International from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Finally, Stifel Nicolaus dropped 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,351.25.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 140 shares of the 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 value of $175,572.60. Following the completion of the sale, the insider now owns 6 shares of the company’s stock, valued at $7,524.54. This represents a 95.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 0.3 %

NYSE MTD opened at $1,330.84 on Friday. The firm’s fifty day simple moving average is $1,250.00 and its two-hundred day simple moving average is $1,343.25. Mettler-Toledo International Inc. has a 12-month low of $1,133.46 and a 12-month high of $1,546.93. The firm has a market capitalization 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 announced its quarterly earnings data 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. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

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.