Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,235 shares of the medical instruments supplier’s stock after acquiring an additional 128 shares during the quarter. CIBC Asset Management Inc’s holdings in Mettler-Toledo International were worth $3,959,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MTD. Blue Trust Inc. grew its position in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after acquiring an additional 17 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Mettler-Toledo International in the 3rd quarter valued at about $37,000. Sound Income Strategies LLC grew its position in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 45 shares in the last quarter. Raleigh Capital Management Inc. grew its position in Mettler-Toledo International by 272.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $61,000 after acquiring an additional 30 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Mettler-Toledo International by 60.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock valued at $72,000 after acquiring an additional 18 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Down 0.1 %

MTD stock opened at $1,302.24 on Friday. The business has a 50 day moving average price of $1,284.88 and a 200 day moving average price of $1,334.32. The stock has a market cap of $27.24 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.23 and a beta of 1.13. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share 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%. As a group, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.94% of the stock is owned by company insiders.

Analyst Ratings Changes

MTD has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Stifel Nicolaus lowered 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, Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,368.00.

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.