FORA Capital LLC Acquires New Shares in Mettler-Toledo International Inc. (NYSE:MTD)

FORA Capital LLC bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,019 shares of the medical instruments supplier's stock, valued at approximately $1,247,000.

A number of other large investors have also recently made changes to their positions in MTD. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International in the 4th quarter worth about $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $44,000. Blue Trust Inc. grew its stake in Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC lifted its stake in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after purchasing an additional 45 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MTD shares. StockNews.com lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Robert W. Baird lowered their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their price objective for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Evercore ISI raised 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, 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 note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus target price of $1,296.13.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,079.96 on Friday. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The company has a fifty day moving average of $1,118.64 and a 200-day moving average of $1,223.63. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The company's revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $8.89 earnings per share. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of the company's stock in a transaction on 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 completion of the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gerry Keller sold 600 shares of the firm's 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 completion of the sale, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Mettler-Toledo International 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.

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