Certuity LLC Buys New Shares in Mettler-Toledo International Inc. (NYSE:MTD)

Certuity LLC purchased a new position in Mettler-Toledo International Inc. (NYSE:MTD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 165 shares of the medical instruments supplier’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Savant Capital LLC boosted its stake in shares of Mettler-Toledo International by 22.2% in the fourth quarter. Savant Capital LLC now owns 341 shares of the medical instruments supplier’s stock worth $417,000 after acquiring an additional 62 shares during the period. Kestra Private Wealth Services LLC boosted its stake in Mettler-Toledo International by 251.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 777 shares of the medical instruments supplier’s stock worth $951,000 after purchasing an additional 556 shares during the period. Entropy Technologies LP bought a new position in Mettler-Toledo International in the 4th quarter worth approximately $1,531,000. Empowered Funds LLC grew its holdings in Mettler-Toledo International by 288.2% during the 4th quarter. Empowered Funds LLC now owns 1,312 shares of the medical instruments supplier’s stock valued at $1,605,000 after buying an additional 974 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Mettler-Toledo International by 87.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 139 shares of the medical instruments supplier’s stock valued at $170,000 after buying an additional 65 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,297.83 on Friday. The company has a market cap of $27.15 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. The stock’s 50 day simple moving average is $1,282.98 and its two-hundred day simple moving average is $1,341.42. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 564.51%. Equities research analysts expect that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of research reports. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their price objective for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Evercore ISI lifted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday. Robert W. Baird increased their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,368.00.

Insider Buying and Selling

In related news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.94% of the stock is owned by corporate insiders.

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.