Empowered Funds LLC Has $1.61 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Empowered Funds LLC boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 288.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,312 shares of the medical instruments supplier’s stock after acquiring an additional 974 shares during the period. Empowered Funds LLC’s holdings in Mettler-Toledo International were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DT Investment Partners LLC grew its position in shares of Mettler-Toledo International by 13.3% in the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock valued at $102,000 after purchasing an additional 8 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Mettler-Toledo International by 1.2% during the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,135,000 after acquiring an additional 9 shares during the period. Suncoast Equity Management lifted its position in Mettler-Toledo International by 2.0% in the 3rd quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier’s stock valued at $690,000 after acquiring an additional 9 shares in the last quarter. Huntington National Bank increased its holdings in Mettler-Toledo International by 20.0% during the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after purchasing an additional 9 shares in the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of 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 purchasing an additional 9 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MTD. Evercore ISI increased their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Robert W. Baird lifted their price objective 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 for the company in a research report on Monday, November 11th. Wells Fargo & Company lifted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Finally, Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $1,368.00.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,273.44 on Friday. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93. The company’s 50-day simple moving average is $1,284.29 and its 200 day simple moving average is $1,339.88. The company has a market capitalization of $26.87 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 564.51%. On average, analysts forecast that Mettler-Toledo International Inc. will post 41.94 EPS for the current 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.