Mettler-Toledo International Inc. (NYSE:MTD) Stock Position Increased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 59.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,552 shares of the medical instruments supplier's stock after acquiring an additional 950 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Mettler-Toledo International were worth $3,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ancora Advisors LLC boosted its position in Mettler-Toledo International by 100.0% during the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier's stock worth $31,000 after purchasing an additional 10 shares in the last quarter. MV Capital Management Inc. boosted its position in Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. VitalStone Financial LLC purchased a new stake in Mettler-Toledo International during the first quarter worth $37,000. CVA Family Office LLC purchased a new stake in Mettler-Toledo International during the fourth quarter worth $27,000. Finally, Gladius Capital Management LP purchased a new stake in Mettler-Toledo International during the third quarter worth $27,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MTD shares. StockNews.com downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Thursday. Evercore ISI upped their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an "in-line" rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $1,233.25.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock traded down $4.02 during trading on Friday, hitting $1,188.54. The company's stock had a trading volume of 100,804 shares, compared to its average volume of 105,059. The stock has a market capitalization of $25.42 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 3.25 and a beta of 1.15. The stock's fifty day moving average is $1,269.63 and its 200 day moving average is $1,172.11. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,577.91.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing the consensus estimate of $10.32 by ($0.92). The business had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.10 earnings per share. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elisha W. Finney sold 251 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now owns 316 shares of the company's stock, valued at $372,042.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is currently owned by insiders.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.