Voloridge Investment Management LLC Has $72.72 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Voloridge Investment Management LLC boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 16.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,429 shares of the medical instruments supplier's stock after acquiring an additional 8,411 shares during the quarter. Voloridge Investment Management LLC owned 0.28% of Mettler-Toledo International worth $72,722,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in Mettler-Toledo International by 14.3% in 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 in the last quarter. M3 Advisory Group LLC lifted its position in Mettler-Toledo International by 5.8% in the 4th quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock valued at $202,000 after acquiring an additional 9 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Mettler-Toledo International by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock valued at $451,000 after acquiring an additional 9 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position 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 worth $374,000 after buying an additional 9 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in Mettler-Toledo International by 0.5% during the 4th 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 in the last quarter. 95.07% of the stock is owned by institutional investors.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This represents a 51.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Robert W. Baird cut their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Evercore ISI upped 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 report on Monday, February 10th. Finally, UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their target price for the company from $1,530.00 to $1,350.00 in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1,302.11.

Mettler-Toledo International Stock Down 1.8%

Shares of MTD stock traded down $20.58 on Friday, reaching $1,115.43. The stock had a trading volume of 247,891 shares, compared to its average volume of 149,834. The firm's 50-day moving average is $1,099.07 and its two-hundred day moving average is $1,212.09. The firm has a market capitalization of $23.18 billion, a price-to-earnings ratio of 27.52, a P/E/G 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.

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, beating analysts' consensus estimates 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 firm earned $8.89 EPS. Mettler-Toledo International's quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

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.