ING Groep NV Has $3.30 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

ING Groep NV decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,695 shares of the medical instruments supplier’s stock after selling 143 shares during the quarter. ING Groep NV’s holdings in Mettler-Toledo International were worth $3,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Financial Mangement LLC increased its position in Mettler-Toledo International by 12.8% during the fourth quarter. Boston Financial Mangement LLC now owns 7,429 shares of the medical instruments supplier’s stock worth $9,091,000 after buying an additional 843 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Mettler-Toledo International by 14.3% during the 4th quarter. Handelsbanken Fonder AB now owns 12,913 shares of the medical instruments supplier’s stock valued at $15,801,000 after acquiring an additional 1,618 shares during the last quarter. Truist Financial Corp raised its stake in shares of Mettler-Toledo International by 1.3% in the 4th quarter. Truist Financial Corp now owns 1,053 shares of the medical instruments supplier’s stock valued at $1,289,000 after acquiring an additional 14 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Mettler-Toledo International by 4.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,235 shares of the medical instruments supplier’s stock worth $3,959,000 after purchasing an additional 128 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in Mettler-Toledo International by 3.3% during the fourth quarter. Sanctuary Advisors LLC now owns 534 shares of the medical instruments supplier’s stock worth $653,000 after purchasing an additional 17 shares during the period. Institutional investors own 95.07% of the company’s stock.

Insider Activity

In other news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating on the stock. Stifel Nicolaus cut their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, Evercore ISI increased their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,368.00.

Mettler-Toledo International Stock Down 1.3 %

Shares of MTD opened at $1,285.67 on Friday. The stock’s 50-day moving average price is $1,285.56 and its 200 day moving average price is $1,333.50. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

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.