Mettler-Toledo International Inc. (NYSE:MTD) Stock Holdings Lifted by Boston Financial Mangement LLC

Boston Financial Mangement LLC raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,429 shares of the medical instruments supplier’s stock after purchasing an additional 843 shares during the period. Boston Financial Mangement LLC’s holdings in Mettler-Toledo International were worth $9,091,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions 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 buying an additional 17 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Mettler-Toledo International during the 3rd quarter worth $37,000. Sound Income Strategies LLC increased its stake in shares of Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after purchasing an additional 45 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Mettler-Toledo International by 272.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $61,000 after purchasing an additional 30 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Mettler-Toledo International by 60.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock valued at $72,000 after purchasing an additional 18 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Up 2.5 %

Shares of Mettler-Toledo International stock opened at $1,305.22 on Thursday. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The company’s fifty day simple moving average is $1,284.19 and its 200-day simple moving average is $1,334.52. The company has a market cap of $27.31 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.23 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, research analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on MTD. Stifel Nicolaus cut their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Wolfe Research assumed coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Robert W. Baird upped 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. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note 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 stock. According to data from MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and a consensus target price of $1,368.00.

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.