Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,058 shares of the medical instruments supplier’s stock after purchasing an additional 14 shares during the quarter. Inspire Investing LLC’s holdings in Mettler-Toledo International were worth $2,518,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position 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 valued at $332,634,000 after purchasing an additional 28,478 shares during the period. Quest Partners LLC grew its holdings in shares of Mettler-Toledo International by 878.1% in the 3rd quarter. Quest Partners LLC now owns 1,027 shares of the medical instruments supplier’s stock worth $1,540,000 after acquiring an additional 922 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Mettler-Toledo International by 14.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock worth $1,860,000 after acquiring an additional 152 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Mettler-Toledo International by 14.3% in the 3rd quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier’s stock worth $7,387,000 after acquiring an additional 615 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Mettler-Toledo International by 29.8% in the 4th quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier’s stock worth $129,919,000 after acquiring an additional 24,285 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Down 0.0 %

MTD opened at $1,324.45 on Thursday. The stock has a market cap of $27.95 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 4.19 and a beta of 1.12. Mettler-Toledo International Inc. has a 1 year low of $1,133.46 and a 1 year high of $1,546.93. The stock has a fifty day moving average price of $1,245.04 and a 200 day moving average price of $1,343.30.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MTD shares. Robert W. Baird decreased their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Wolfe Research began coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating on the stock. Stifel Nicolaus lowered their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday, November 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,351.25.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 owns 240 shares of the company’s stock, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerry Keller sold 140 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was 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 directly owns 6 shares of the company’s stock, valued at $7,524.54. This represents a 95.89 % 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 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.