M&T Bank Corp Purchases 3,340 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

M&T Bank Corp raised its stake in Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 35.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,865 shares of the medical instruments supplier’s stock after acquiring an additional 3,340 shares during the quarter. M&T Bank Corp owned about 0.06% of Mettler-Toledo International worth $13,949,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in Mettler-Toledo International in the 2nd quarter valued at about $21,812,000. O Shaughnessy Asset Management LLC grew its position in shares of Mettler-Toledo International by 32.0% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,395 shares of the medical instruments supplier’s stock worth $2,751,000 after purchasing an additional 580 shares in the last quarter. Virtu Financial LLC grew its position in shares of Mettler-Toledo International by 33.6% during the 3rd quarter. Virtu Financial LLC now owns 1,639 shares of the medical instruments supplier’s stock worth $1,776,000 after purchasing an additional 412 shares in the last quarter. BOKF NA grew its position in shares of Mettler-Toledo International by 1.0% during the 2nd quarter. BOKF NA now owns 1,412 shares of the medical instruments supplier’s stock worth $1,622,000 after purchasing an additional 14 shares in the last quarter. Finally, Ellevest Inc. grew its position in shares of Mettler-Toledo International by 83.0% during the 3rd quarter. Ellevest Inc. now owns 161 shares of the medical instruments supplier’s stock worth $175,000 after purchasing an additional 73 shares in the last quarter. 91.94% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,438.88 on Thursday. Mettler-Toledo International Inc. has a fifty-two week low of $1,065.55 and a fifty-two week high of $1,609.25. The company has a debt-to-equity ratio of 76.98, a current ratio of 1.20 and a quick ratio of 0.81. The firm has a market capitalization of $31.81 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.35 and a beta of 1.18. The company’s 50 day moving average price is $1,509.88 and its two-hundred day moving average price is $1,377.73.

Mettler-Toledo International (NYSE:MTD – Get Rating) last issued its earnings results on Friday, February 10th. The medical instruments supplier reported $12.10 earnings per share for the quarter, beating analysts’ consensus estimates of $11.63 by $0.47. Mettler-Toledo International had a net margin of 22.26% and a return on equity of 10,609.85%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $10.53 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Mettler-Toledo International Inc. will post 44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Olivier A. Filliol sold 10,000 shares of Mettler-Toledo International stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $1,433.61, for a total transaction of $14,336,100.00. Following the completion of the transaction, the director now directly owns 71 shares in the company, valued at $101,786.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Gerry Keller sold 474 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $1,540.69, for a total value of $730,287.06. Following the sale, the insider now owns 449 shares of the company’s stock, valued at $691,769.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Olivier A. Filliol sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $1,433.61, for a total transaction of $14,336,100.00. Following the sale, the director now directly owns 71 shares in the company, valued at approximately $101,786.31. The disclosure for this sale can be found here. Insiders sold 18,022 shares of company stock valued at $26,391,416 over the last quarter. Insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MTD. StockNews.com began coverage on shares of Mettler-Toledo International in a research report on Thursday. They set a “buy” rating on the stock. TheStreet upgraded shares of Mettler-Toledo International from a “c+” rating to a “b-” rating in a research report on Thursday, February 2nd. JPMorgan Chase & Co. upgraded shares of Mettler-Toledo International from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $1,100.00 to $1,350.00 in a research report on Monday, December 19th. Wells Fargo & Company increased their price target on shares of Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the stock an “overweight” rating in a research report on Monday, February 13th. Finally, Citigroup increased their price target on shares of Mettler-Toledo International from $1,350.00 to $1,525.00 and gave the stock a “neutral” rating in a research report on Monday, February 13th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,450.71.

Mettler-Toledo International Profile

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Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.