ProShare Advisors LLC Acquires 299 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

ProShare Advisors LLC lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,265 shares of the medical instruments supplier’s stock after buying an additional 299 shares during the quarter. ProShare Advisors LLC’s holdings in Mettler-Toledo International were worth $5,219,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC raised its position in shares of Mettler-Toledo International by 14.3% during the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock valued at $78,000 after acquiring an additional 8 shares during the last quarter. M3 Advisory Group LLC grew its stake in shares of Mettler-Toledo International by 5.8% during the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock worth $202,000 after purchasing an additional 9 shares during the period. Apollon Wealth Management LLC increased its holdings in Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock valued at $451,000 after purchasing an additional 9 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake 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 buying an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp boosted its holdings in Mettler-Toledo International by 0.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock worth $2,549,000 after buying an additional 10 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on MTD. StockNews.com cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. 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 research note on Monday, April 7th. Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group raised Mettler-Toledo International from an “underperform” rating to a “hold” rating and decreased their target price for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,296.13.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,158.93 on Monday. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. The stock’s 50-day moving average is $1,107.03 and its 200-day moving average is $1,217.60. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm had revenue of $883.74 million for the quarter, compared to analysts’ expectations of $876.61 million. During the same quarter in the previous year, the business posted $8.89 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. The trade was a 51.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.94% of the stock is currently 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.