Mettler-Toledo International, Inc. $MTD Shares Purchased by M&T Bank Corp

M&T Bank Corp boosted its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 2,813.6% during the 4th quarter, HoldingsChannel reports. The fund owned 124,205 shares of the medical instruments supplier’s stock after buying an additional 119,942 shares during the period. M&T Bank Corp’s holdings in Mettler-Toledo International were worth $173,165,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Mettler-Toledo International by 2.1% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,231 shares of the medical instruments supplier’s stock valued at $22,719,000 after acquiring an additional 340 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mettler-Toledo International during the fourth quarter valued at $56,000. Optas LLC bought a new stake in Mettler-Toledo International during the fourth quarter valued at $233,000. SageGuard Financial Group LLC bought a new stake in Mettler-Toledo International during the fourth quarter valued at $290,000. Finally, Evergreen Capital Management LLC increased its stake in Mettler-Toledo International by 4.5% during the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock valued at $257,000 after purchasing an additional 8 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTD. Morgan Stanley lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 10th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and boosted their target price for the company from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Wall Street Zen upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mettler-Toledo International in a research note on Monday, December 29th. Finally, Barclays lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,459.58.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,325.72 on Wednesday. The company has a 50-day simple moving average of $1,293.68 and a 200-day simple moving average of $1,369.75. The firm has a market capitalization of $26.85 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.78 and a beta of 1.43. Mettler-Toledo International, Inc. has a one year low of $982.02 and a one year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 EPS for the quarter, topping the consensus estimate of $12.76 by $0.60. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.41 earnings per share. As a group, sell-side analysts forecast that Mettler-Toledo International, Inc. will post 46.51 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 800 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the completion of the transaction, the chief financial officer owned 5,288 shares in the company, valued at approximately $7,456,714.56. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.