521 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. acquired a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 521 shares of the medical instruments supplier's stock, valued at approximately $638,000.

Several other hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 8 shares during the last quarter. M3 Advisory Group LLC lifted its position in shares of Mettler-Toledo International by 5.8% in the fourth 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 in the last quarter. Apollon Wealth Management LLC boosted its stake in Mettler-Toledo International by 2.5% during the fourth 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 during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Mettler-Toledo International by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock valued at $374,000 after purchasing an additional 9 shares during the last quarter. Finally, Atlantic Union Bankshares Corp lifted its stake 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 worth $2,549,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $17.32 during mid-day trading on Thursday, hitting $1,174.82. The stock had a trading volume of 164,062 shares, compared to its average volume of 150,140. The firm has a market capitalization of $24.42 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The firm's 50-day moving average is $1,095.35 and its two-hundred day moving average is $1,207.36.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The company had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. During the same period in the prior year, the business earned $8.89 EPS. The firm's quarterly revenue was down 4.6% on a year-over-year basis. Analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTD. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their price objective for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. 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. Finally, Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a research note on Monday, April 7th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1,302.11.

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.