Cerity Partners LLC Acquires 183 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Cerity Partners LLC lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,401 shares of the medical instruments supplier’s stock after buying an additional 183 shares during the quarter. Cerity Partners LLC’s holdings in Mettler-Toledo International were worth $4,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its position in shares of Mettler-Toledo International by 7.1% during the fourth quarter. Federated Hermes Inc. now owns 5,131 shares of the medical instruments supplier’s stock worth $6,279,000 after purchasing an additional 339 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Mettler-Toledo International during the 4th quarter worth $120,000. Nutshell Asset Management Ltd bought a new position in Mettler-Toledo International in the 4th quarter valued at $3,206,000. Russell Investments Group Ltd. increased its stake in shares of Mettler-Toledo International by 26.6% in the 4th quarter. Russell Investments Group Ltd. now owns 90,331 shares of the medical instruments supplier’s stock valued at $110,505,000 after buying an additional 18,988 shares during the period. Finally, Aviva PLC raised its position in shares of Mettler-Toledo International by 64.0% during the fourth quarter. Aviva PLC now owns 13,315 shares of the medical instruments supplier’s stock worth $16,293,000 after acquiring an additional 5,195 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

MTD opened at $1,041.26 on Friday. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The firm has a market cap of $21.70 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. The firm’s fifty day moving average is $1,217.84 and its two-hundred day moving average is $1,275.83.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised 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. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Robert W. Baird increased their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,380.50.

Insider Activity at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction 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 sale, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

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.