Wafra Inc. Boosts Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Wafra Inc. boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 496.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,807 shares of the medical instruments supplier's stock after acquiring an additional 4,833 shares during the quarter. Wafra Inc.'s holdings in Mettler-Toledo International were worth $7,044,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MTD. Personal CFO Solutions LLC raised its position in shares of Mettler-Toledo International by 2.2% in the 3rd quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier's stock valued at $523,000 after purchasing an additional 10 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Mettler-Toledo International by 1.7% during the 3rd quarter. Wealthspire Advisors LLC now owns 647 shares of the medical instruments supplier's stock worth $717,000 after acquiring an additional 11 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Mettler-Toledo International by 2.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 568 shares of the medical instruments supplier's stock worth $689,000 after purchasing an additional 11 shares during the last quarter. Clarius Group LLC raised its stake in shares of Mettler-Toledo International by 4.4% in the 4th quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier's stock valued at $319,000 after purchasing an additional 11 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Mettler-Toledo International by 3.7% during the third quarter. Sequoia Financial Advisors LLC now owns 340 shares of the medical instruments supplier's stock worth $377,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD traded down $7.80 on Friday, hitting $1,522.75. The company's stock had a trading volume of 142,187 shares, compared to its average volume of 151,405. The company has a market capitalization of $32.53 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 4.16 and a beta of 1.16. The stock's 50-day moving average is $1,306.97 and its two-hundred day moving average is $1,210.70. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,535.86.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company had revenue of $925.95 million for the quarter, compared to analysts' expectations of $879.72 million. During the same period last year, the firm earned $8.69 EPS. The firm's revenue for the quarter was down .3% on a year-over-year basis. Equities analysts expect that Mettler-Toledo International Inc. will post 40.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $5,950,018.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $5,950,018.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christian Magloth sold 400 shares of the business's stock in a transaction dated Monday, March 4th. The shares were 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 owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders sold a total of 3,678 shares of company stock worth $5,288,061 over the last ninety days. 1.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MTD shares. Evercore ISI lifted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an "in-line" rating in a research report on Thursday, April 4th. Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a "neutral" rating in a report on Monday, May 13th. Citigroup lifted their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a "sell" rating in a report on Monday, May 13th. StockNews.com upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Monday, April 29th. Finally, Stifel Nicolaus lifted their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a "buy" rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $1,257.14.

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.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.