Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 522 shares of the medical instruments supplier’s stock after buying an additional 17 shares during the period. V Square Quantitative Management LLC’s holdings in Mettler-Toledo International were worth $639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Mettler-Toledo International by 1.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,255 shares of the medical instruments supplier’s stock worth $1,532,000 after buying an additional 15 shares during the last quarter. Certuity LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth $202,000. Savant Capital LLC increased its holdings in shares of Mettler-Toledo International by 22.2% during the 4th quarter. Savant Capital LLC now owns 341 shares of the medical instruments supplier’s stock worth $417,000 after buying an additional 62 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Mettler-Toledo International by 251.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 777 shares of the medical instruments supplier’s stock worth $951,000 after buying an additional 556 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth $1,531,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Wolfe Research started coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price target for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Stifel Nicolaus lowered 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 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,368.00.

Insider Buying and Selling

In related news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated 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 directly owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,273.44 on Friday. The business has a 50-day moving average of $1,284.29 and a 200-day moving average of $1,339.88. The company has a market capitalization of $26.87 billion, a PE ratio of 31.42, a P/E/G ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a 1-year low of $1,142.91 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. On average, equities analysts expect that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current fiscal year.

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.