KFG Wealth Management LLC Has $486,000 Position in Mettler-Toledo International Inc. (NYSE:MTD)

KFG Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397 shares of the medical instruments supplier’s stock after buying an additional 27 shares during the period. KFG Wealth Management LLC’s holdings in Mettler-Toledo International were worth $486,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Mettler-Toledo International by 1.0% in the third quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier’s stock valued at $1,431,693,000 after purchasing an additional 9,009 shares during the last quarter. Geode Capital Management LLC lifted its position in Mettler-Toledo International by 0.8% during the third quarter. Geode Capital Management LLC now owns 547,439 shares of the medical instruments supplier’s stock worth $818,906,000 after acquiring an additional 4,166 shares during the last quarter. Barclays PLC boosted its holdings in shares of Mettler-Toledo International by 8.3% during the third quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier’s stock worth $384,822,000 after acquiring an additional 19,609 shares during the period. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 28,478 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in Mettler-Toledo International by 1.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 209,902 shares of the medical instruments supplier’s stock worth $314,790,000 after purchasing an additional 3,644 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the subject of a number of research reports. Evercore ISI raised Mettler-Toledo International from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Robert W. Baird dropped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company cut their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $1,351.25.

Mettler-Toledo International Stock Down 0.3 %

Shares of MTD stock opened at $1,330.84 on Friday. The business has a fifty day simple moving average of $1,250.00 and a 200 day simple moving average of $1,343.25. The company has a market cap of $28.08 billion, a P/E ratio of 35.88, a P/E/G ratio of 4.19 and a beta of 1.12. Mettler-Toledo International Inc. has a twelve month low of $1,133.46 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 140 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at $7,524.54. This trade represents a 95.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now directly owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

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.