Welch & Forbes LLC boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 11.3% during the 4th quarter, Holdings Channel reports. The firm owned 76,512 shares of the medical instruments supplier’s stock after purchasing an additional 7,745 shares during the quarter. Mettler-Toledo International makes up approximately 1.2% of Welch & Forbes LLC’s portfolio, making the stock its 22nd biggest holding. Welch & Forbes LLC’s holdings in Mettler-Toledo International were worth $43,273,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MTD. Atria Investments LLC increased its holdings in Mettler-Toledo International by 20.0% during the 3rd quarter. Atria Investments LLC now owns 1,744 shares of the medical instruments supplier’s stock worth $1,062,000 after purchasing an additional 291 shares during the last quarter. Bank of Montreal Can increased its holdings in Mettler-Toledo International by 27.9% during the 3rd quarter. Bank of Montreal Can now owns 76,303 shares of the medical instruments supplier’s stock worth $46,467,000 after purchasing an additional 16,641 shares during the last quarter. First Hawaiian Bank purchased a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $204,000. Raymond James Trust N.A. purchased a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $233,000. Finally, Nisa Investment Advisors LLC increased its holdings in Mettler-Toledo International by 7.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,558 shares of the medical instruments supplier’s stock worth $10,692,000 after purchasing an additional 1,288 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.

In related news, CFO Shawn Vadala sold 449 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $597.21, for a total transaction of $268,147.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Donnelly sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $598.20, for a total value of $1,495,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,695 shares of company stock valued at $16,459,743. Insiders own 4.80% of the company’s stock.

Several research analysts have recently commented on MTD shares. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Evercore ISI lowered Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research report on Thursday, January 3rd. Finally, Bank of America lowered Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 target price for the company. in a research report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $595.67.

Shares of MTD traded up $2.70 during mid-day trading on Monday, hitting $665.00. The stock had a trading volume of 1,756 shares, compared to its average volume of 118,626. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.29 and a beta of 1.30. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 1.67. Mettler-Toledo International Inc. has a fifty-two week low of $500.74 and a fifty-two week high of $666.46.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 7th. The medical instruments supplier reported $6.85 EPS for the quarter, topping the consensus estimate of $6.74 by $0.11. The company had revenue of $817.92 million during the quarter, compared to analyst estimates of $807.58 million. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $5.97 EPS. On average, sell-side analysts predict that Mettler-Toledo International Inc. will post 22.6 earnings per share for the current fiscal year.

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Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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