Apollon Wealth Management LLC Has $451,000 Position in Mettler-Toledo International Inc. (NYSE:MTD)

Apollon Wealth Management LLC grew its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 368 shares of the medical instruments supplier’s stock after acquiring an additional 9 shares during the period. Apollon Wealth Management LLC’s holdings in Mettler-Toledo International were worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTD. JPMorgan Chase & Co. raised its position in shares of Mettler-Toledo International by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock worth $332,634,000 after acquiring an additional 28,478 shares during the last quarter. Quest Partners LLC raised its position in shares of Mettler-Toledo International by 878.1% during the third quarter. Quest Partners LLC now owns 1,027 shares of the medical instruments supplier’s stock worth $1,540,000 after acquiring an additional 922 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Mettler-Toledo International by 14.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock worth $1,860,000 after acquiring an additional 152 shares during the last quarter. M&T Bank Corp raised its position in shares of Mettler-Toledo International by 14.3% during the third quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier’s stock worth $7,387,000 after acquiring an additional 615 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Mettler-Toledo International by 29.8% during the fourth quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier’s stock worth $129,919,000 after acquiring an additional 24,285 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

MTD stock opened at $1,297.83 on Friday. The stock has a market capitalization of $27.15 billion, a P/E ratio of 32.02, a P/E/G ratio of 4.80 and a beta of 1.13. The business has a 50-day moving average of $1,282.98 and a 200-day moving average of $1,341.42. 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 posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. Equities analysts expect that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on MTD shares. Wolfe Research started coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company upped their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday. Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday. Stifel Nicolaus dropped 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 report on Monday, November 11th. Finally, Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price objective for the company from $1,200.00 to $1,300.00 in a 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 given a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,368.00.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 140 shares of the 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 transaction of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at approximately $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company 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.