Savant Capital LLC Acquires 62 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Savant Capital LLC boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 341 shares of the medical instruments supplier’s stock after purchasing an additional 62 shares during the quarter. Savant Capital LLC’s holdings in Mettler-Toledo International were worth $417,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International in the third quarter valued at approximately $37,000. Raleigh Capital Management Inc. grew its stake 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 valued at $61,000 after acquiring an additional 30 shares during the period. Sound Income Strategies LLC grew its stake in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 45 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Mettler-Toledo International by 60.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock valued at $72,000 after acquiring an additional 18 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on MTD shares. Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Robert W. Baird raised their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their price objective for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Evercore ISI raised their price objective on 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. Finally, 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. One investment 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’s stock. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,368.00.

Mettler-Toledo International Stock Down 1.8 %

Shares of NYSE:MTD opened at $1,273.44 on Monday. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93. The business’s 50 day moving average is $1,284.29 and its 200 day moving average is $1,338.69.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current year.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.