KBC Group NV Boosts Stake in Mettler-Toledo International, Inc. $MTD

KBC Group NV grew its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 22.9% during the fourth quarter, Holdings Channel reports. The fund owned 8,089 shares of the medical instruments supplier’s stock after purchasing an additional 1,507 shares during the period. KBC Group NV’s holdings in Mettler-Toledo International were worth $11,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Mettler-Toledo International by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock worth $361,000 after buying an additional 7 shares during the last quarter. Allworth Financial LP grew its stake in shares of Mettler-Toledo International by 6.1% in the 3rd quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock worth $149,000 after buying an additional 7 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Mettler-Toledo International by 42.1% in the 3rd quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after buying an additional 8 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Mettler-Toledo International by 4.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 207 shares of the medical instruments supplier’s stock worth $254,000 after buying an additional 8 shares during the last quarter. Finally, Meridian Wealth Management LLC grew its stake in shares of Mettler-Toledo International by 1.7% in the 3rd quarter. Meridian Wealth Management LLC now owns 480 shares of the medical instruments supplier’s stock worth $589,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Mettler-Toledo International in a research note on Monday, December 29th. Barclays cut their price target on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Morgan Stanley cut their price target on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. Wall Street Zen upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and upped their price target for the stock from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,459.58.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the transaction, the chief financial officer directly owned 5,288 shares of the company’s stock, valued at approximately $7,456,714.56. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.71% of the company’s stock.

Mettler-Toledo International Trading Up 3.8%

MTD stock opened at $1,339.55 on Friday. The stock has a market capitalization of $27.13 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.71 and a beta of 1.43. Mettler-Toledo International, Inc. has a 12-month low of $962.54 and a 12-month high of $1,525.17. The stock’s 50 day simple moving average is $1,296.31 and its 200 day simple moving average is $1,368.95.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.76 by $0.60. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $12.41 EPS. On average, research analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.