Price T Rowe Associates Inc. MD Acquires 25,873 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Price T Rowe Associates Inc. MD boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 455,739 shares of the medical instruments supplier’s stock after purchasing an additional 25,873 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Mettler-Toledo International were worth $557,680,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MTD. Farther Finance Advisors LLC boosted its holdings in Mettler-Toledo International by 14.3% during the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock valued at $78,000 after purchasing an additional 8 shares in the last quarter. M3 Advisory Group LLC lifted its position in shares of Mettler-Toledo International by 5.8% during the 4th quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock worth $202,000 after buying an additional 9 shares during the period. Apollon Wealth Management LLC boosted its stake in Mettler-Toledo International by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock valued at $451,000 after buying an additional 9 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Mettler-Toledo International by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock valued at $374,000 after acquiring an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp grew its position in Mettler-Toledo International by 0.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock valued at $2,549,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity

In other news, insider Christian Magloth sold 790 shares of the stock in a transaction on 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 of the company’s stock, valued at $964,248.46. This represents a 51.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was 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 represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Trading Up 2.6 %

Shares of MTD stock opened at $1,073.89 on Friday. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The firm’s 50 day moving average is $1,164.25 and its 200-day moving average is $1,249.32. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 3.30 and a beta of 1.28.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MTD shares. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target for the company in a report on Monday, April 7th. Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company cut their target price on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,304.25.

About Mettler-Toledo International

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.