M3 Advisory Group LLC Acquires 9 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

M3 Advisory Group LLC increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 165 shares of the medical instruments supplier’s stock after purchasing an additional 9 shares during the quarter. M3 Advisory Group LLC’s holdings in Mettler-Toledo International were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International in the third quarter worth about $37,000. Raleigh Capital Management Inc. raised its holdings in Mettler-Toledo International by 272.7% in the third quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock worth $61,000 after purchasing an additional 30 shares in the last quarter. Sound Income Strategies LLC boosted its holdings 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 valued at $56,000 after buying an additional 45 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Mettler-Toledo International by 60.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock worth $72,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 0.3 %

Mettler-Toledo International stock opened at $1,330.84 on Friday. The stock has a 50-day moving average price of $1,250.00 and a 200 day moving average price of $1,343.25. The company has a market capitalization of $28.08 billion, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 4.19 and a beta of 1.12. 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 released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate 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 business had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, 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 value 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. The trade was a 95.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Elisha W. Finney sold 76 shares of the firm’s 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 sale, the director now owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird lowered their target price 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. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating on the stock. Wells Fargo & Company decreased their price target on 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. Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. Finally, Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,351.25.

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.