Wafra Inc. Increases Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Wafra Inc. grew its stake in Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 496.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,807 shares of the medical instruments supplier’s stock after buying an additional 4,833 shares during the quarter. Wafra Inc.’s holdings in Mettler-Toledo International were worth $7,044,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MTD. Commonwealth Equity Services LLC raised its position in shares of Mettler-Toledo International by 32.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 984 shares of the medical instruments supplier’s stock worth $1,090,000 after acquiring an additional 241 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Mettler-Toledo International by 154.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 856 shares of the medical instruments supplier’s stock worth $949,000 after buying an additional 520 shares during the period. Raymond James & Associates increased its position in Mettler-Toledo International by 2.4% during the third quarter. Raymond James & Associates now owns 4,262 shares of the medical instruments supplier’s stock worth $4,723,000 after buying an additional 101 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Mettler-Toledo International by 8.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,336 shares of the medical instruments supplier’s stock worth $1,480,000 after buying an additional 100 shares during the period. Finally, Assetmark Inc. increased its position in Mettler-Toledo International by 16.5% during the third quarter. Assetmark Inc. now owns 233 shares of the medical instruments supplier’s stock worth $258,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 310 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $9,069.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the completion of the sale, the director now directly owns 244 shares in the company, valued at $363,603.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerry Keller sold 310 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the sale, the insider now owns 6 shares of the company’s stock, valued at $9,069.36. The disclosure for this sale can be found here. Insiders sold a total of 3,678 shares of company stock valued at $5,288,061 over the last three months. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Down 0.5 %

Shares of Mettler-Toledo International stock traded down $7.80 during trading on Friday, reaching $1,522.75. The company’s stock had a trading volume of 142,187 shares, compared to its average volume of 151,405. The business has a 50 day moving average price of $1,306.97 and a 200-day moving average price of $1,210.70. The company has a market capitalization of $32.53 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 4.16 and a beta of 1.16. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,535.86.

Mettler-Toledo International (NYSE:MTDGet Free Report) last posted its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. During the same period in the previous year, the business earned $8.69 earnings per share. Mettler-Toledo International’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts predict that Mettler-Toledo International Inc. will post 40.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup lifted their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research report on Monday, May 13th. Evercore ISI lifted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Stifel Nicolaus lifted their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Finally, Robert W. Baird lifted their target price on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,257.14.

Read Our Latest Stock Report on MTD

About Mettler-Toledo International

(Free Report)

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.

Featured Articles

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTDFree Report).

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.