Truist Financial Corp Purchases 14 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Truist Financial Corp grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,053 shares of the medical instruments supplier’s stock after acquiring an additional 14 shares during the quarter. Truist Financial Corp’s holdings in Mettler-Toledo International were worth $1,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Seilern Investment Management Ltd bought a new stake in Mettler-Toledo International in the fourth quarter worth $89,221,000. AustralianSuper Pty Ltd lifted its position in Mettler-Toledo International by 3,183.2% in the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock worth $87,705,000 after buying an additional 69,490 shares during the last quarter. Canoe Financial LP lifted its position in Mettler-Toledo International by 576.5% in the fourth quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock worth $67,936,000 after buying an additional 47,311 shares during the last quarter. Principal Financial Group Inc. lifted its position in Mettler-Toledo International by 13.9% in the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock worth $335,977,000 after buying an additional 33,456 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in Mettler-Toledo International by 610.4% in the third quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock worth $50,183,000 after buying an additional 28,752 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Trading Up 1.4 %

Shares of Mettler-Toledo International stock opened at $1,271.44 on Friday. The firm has a market cap of $26.59 billion, a P/E ratio of 31.37, a P/E/G ratio of 3.30 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 stock’s fifty day moving average price is $1,291.19 and its 200-day moving average price is $1,330.22.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore ISI raised their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Stifel Nicolaus lowered their price target on 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. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Robert W. Baird lifted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. One equities research 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 MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,368.00.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated Monday, February 24th. The stock was 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 $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value 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. Insiders have sold 1,530 shares of company stock worth $2,024,192 over the last quarter. 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.