Czech National Bank Buys 254 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Czech National Bank grew its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,576 shares of the medical instruments supplier’s stock after acquiring an additional 254 shares during the quarter. Czech National Bank’s holdings in Mettler-Toledo International were worth $5,600,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MTD. Parallel Advisors LLC raised its holdings in Mettler-Toledo International by 12.9% in the second quarter. Parallel Advisors LLC now owns 192 shares of the medical instruments supplier’s stock worth $268,000 after purchasing an additional 22 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mettler-Toledo International by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock worth $199,777,000 after acquiring an additional 35,048 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in Mettler-Toledo International during the second quarter valued at approximately $328,000. Renaissance Technologies LLC boosted its stake in Mettler-Toledo International by 478.6% in the second quarter. Renaissance Technologies LLC now owns 12,730 shares of the medical instruments supplier’s stock valued at $17,791,000 after acquiring an additional 10,530 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in Mettler-Toledo International by 8.0% in the second quarter. Axxcess Wealth Management LLC now owns 794 shares of the medical instruments supplier’s stock worth $1,110,000 after purchasing an additional 59 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 directly owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MTD. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Stifel Nicolaus decreased 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 note on Monday, November 11th. Evercore ISI raised Mettler-Toledo International from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of 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. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,351.25.

Mettler-Toledo International Stock Up 0.6 %

Shares of NYSE MTD opened at $1,278.98 on Thursday. Mettler-Toledo International Inc. has a 52 week low of $1,133.46 and a 52 week high of $1,546.93. The firm has a market cap of $26.99 billion, a P/E ratio of 34.48, a P/E/G ratio of 4.21 and a beta of 1.12. The business’s 50 day moving average price is $1,246.46 and its 200 day moving average price is $1,345.43.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, research analysts expect that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Mettler-Toledo International 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.