Crossmark Global Holdings Inc. increased its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,438 shares of the medical instruments supplier's stock after buying an additional 907 shares during the period. Crossmark Global Holdings Inc.'s holdings in Mettler-Toledo International were worth $4,207,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake 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 valued at $34,000 after acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International in the 3rd quarter worth $37,000. Raleigh Capital Management Inc. grew its position in Mettler-Toledo International by 272.7% in 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 during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Mettler-Toledo International by 60.0% during 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 in the last quarter. Finally, Huntington National Bank raised its holdings in Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier's stock worth $81,000 after buying an additional 9 shares during the last quarter. 95.07% of the stock is owned by institutional investors.
In related news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction dated Monday, November 11th. The stock was 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 owns 240 shares of the company's stock, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 140 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the sale, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.
MTD has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a report on Monday, November 11th. Evercore ISI raised Mettler-Toledo International from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and raised their target price 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 report on Monday, November 11th. Finally, Wells Fargo & Company lowered their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and a consensus target price of $1,351.25.
View Our Latest Stock Analysis on MTD
NYSE MTD opened at $1,324.45 on Thursday. The business's fifty day moving average is $1,243.72 and its 200-day moving average is $1,343.43. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 4.10 and a beta of 1.12. Mettler-Toledo International Inc. has a one year low of $1,133.46 and a one year high of $1,546.93.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million for the quarter, compared to analysts' expectations of $941.93 million. Research analysts expect that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Mettler-Toledo International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mettler-Toledo International wasn't on the list.
While Mettler-Toledo International currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.