OneAscent Financial Services LLC Purchases 33 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

OneAscent Financial Services LLC raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 23.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 174 shares of the medical instruments supplier’s stock after acquiring an additional 33 shares during the period. OneAscent Financial Services LLC’s holdings in Mettler-Toledo International were worth $213,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MTD. Farther Finance Advisors LLC increased its position in shares of Mettler-Toledo International by 14.3% during the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock worth $78,000 after purchasing an additional 8 shares during the last quarter. M3 Advisory Group LLC increased its holdings in Mettler-Toledo International by 5.8% during the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock worth $202,000 after buying an additional 9 shares during the last quarter. Apollon Wealth Management LLC raised its position in Mettler-Toledo International by 2.5% during the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock worth $451,000 after acquiring an additional 9 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Mettler-Toledo International by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock valued at $374,000 after acquiring an additional 9 shares during the last quarter. Finally, Atlantic Union Bankshares Corp grew its position in shares of Mettler-Toledo International by 0.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock valued at $2,549,000 after acquiring an additional 10 shares during the period. 95.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MTD shares. Wells Fargo & Company lifted their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Citigroup reduced their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their price objective on shares of 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. Finally, Robert W. Baird raised their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,380.50.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gerry Keller sold 600 shares of the business’s stock in a transaction dated 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 owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,021.97 on Friday. The stock has a fifty day moving average of $1,264.13 and a 200-day moving average of $1,295.07. The stock has a market capitalization of $21.30 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 52 week low of $1,000.72 and a 52 week high of $1,546.93.

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

About Mettler-Toledo International

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.