Atlantic Union Bankshares Corp Grows Position in Mettler-Toledo International Inc. (NYSE:MTD)

Atlantic Union Bankshares Corp grew its position in Mettler-Toledo International Inc. (NYSE:MTD) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,083 shares of the medical instruments supplier’s stock after purchasing an additional 10 shares during the period. Atlantic Union Bankshares Corp’s holdings in Mettler-Toledo International were worth $2,549,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MTD. SBI Securities Co. Ltd. purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at $33,000. Ashton Thomas Securities LLC purchased a new position in shares of Mettler-Toledo International in the third quarter valued at $37,000. Blue Trust Inc. increased its position in shares of Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after buying an additional 17 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at $54,000. Finally, Sound Income Strategies LLC increased its position in shares of Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MTD shares. Wells Fargo & Company raised their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Evercore ISI increased their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Wolfe Research assumed coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating on the stock. Robert W. Baird increased their price objective 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, February 10th. Finally, Stifel Nicolaus decreased 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 analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $1,380.50.

Mettler-Toledo International Trading Up 1.6 %

Shares of NYSE:MTD opened at $1,292.69 on Friday. The stock’s 50-day moving average price is $1,293.77 and its two-hundred day moving average price is $1,324.10. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 600 shares of the firm’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 transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christian Magloth sold 790 shares of the firm’s 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 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 disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

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.