Keybank National Association OH Acquires 132 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Keybank National Association OH increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 26.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 636 shares of the medical instruments supplier’s stock after purchasing an additional 132 shares during the quarter. Keybank National Association OH’s holdings in Mettler-Toledo International were worth $778,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MTD. Huntington National Bank increased its holdings in Mettler-Toledo International by 20.0% in the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock valued at $81,000 after buying an additional 9 shares during the period. Townsquare Capital LLC increased its holdings in Mettler-Toledo International by 2.0% in the 3rd quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock valued at $693,000 after buying an additional 9 shares during the period. M3 Advisory Group LLC increased its holdings in Mettler-Toledo International by 5.8% in the 4th quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock valued at $202,000 after buying an additional 9 shares during the period. Apollon Wealth Management LLC increased its holdings in Mettler-Toledo International by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock valued at $451,000 after buying an additional 9 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Mettler-Toledo International by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock valued at $374,000 after buying an additional 9 shares during the period. 95.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on MTD. Robert W. Baird raised their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Stifel Nicolaus decreased their target price on shares of 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 reduced their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Finally, Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and a consensus price target of $1,380.50.

Insider Buying and Selling

In other news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 600 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % 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 Price Performance

NYSE:MTD opened at $1,292.69 on Friday. The firm’s 50 day simple moving average is $1,293.77 and its 200 day simple moving average is $1,324.10. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93. The company has a market cap of $27.04 billion, a PE ratio of 31.89, a P/E/G ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS 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.