Oak Thistle LLC Boosts Stock Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Oak Thistle LLC lifted its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 357.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,287 shares of the medical instruments supplier's stock after acquiring an additional 2,568 shares during the period. Mettler-Toledo International accounts for about 0.8% of Oak Thistle LLC's portfolio, making the stock its 16th biggest holding. Oak Thistle LLC's holdings in Mettler-Toledo International were worth $3,882,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MTD. Choreo LLC boosted its stake in Mettler-Toledo International by 5.0% during the first quarter. Choreo LLC now owns 543 shares of the medical instruments supplier's stock valued at $641,000 after buying an additional 26 shares during the last quarter. OneAscent Wealth Management LLC bought a new stake in shares of Mettler-Toledo International in the 1st quarter valued at approximately $224,000. Gallacher Capital Management LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter worth approximately $301,000. Sargent Investment Group LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter worth approximately $549,000. Finally, Lindbrook Capital LLC increased its holdings in Mettler-Toledo International by 44.4% during the 1st quarter. Lindbrook Capital LLC now owns 143 shares of the medical instruments supplier's stock worth $169,000 after purchasing an additional 44 shares during the period. Institutional investors own 95.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MTD. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and reduced their price objective for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Barclays began coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price objective on the stock. Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Evercore ISI upped their price objective on Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Finally, Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a research report on Monday, April 7th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1,280.90.

Insiders Place Their Bets

In related news, Director Michael A. Kelly sold 1,062 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the transaction, the director owned 120 shares of the company's stock, valued at approximately $139,191.60. This represents a 89.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Up 0.3%

Shares of MTD stock traded up $3.22 on Friday, hitting $1,263.97. The company had a trading volume of 139,252 shares, compared to its average volume of 174,859. The firm has a market cap of $26.27 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 3.86 and a beta of 1.37. The company has a 50-day moving average price of $1,181.58 and a 200-day moving average price of $1,193.94. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.90 by $0.29. The business had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The company's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.89 EPS. Equities research analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current 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.