Atlantic Union Bankshares Corp Acquires 244 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Atlantic Union Bankshares Corp increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 13.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,073 shares of the medical instruments supplier’s stock after purchasing an additional 244 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Mettler-Toledo International were worth $3,109,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $25,000. Blue Trust Inc. lifted its holdings in Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter worth about $37,000. Rothschild Investment LLC bought a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $42,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Mettler-Toledo International in the 2nd quarter valued at $42,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now directly owns 240 shares in the company, valued at $314,820. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MTD. JPMorgan Chase & Co. upped their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Wells Fargo & Company dropped their price target on shares of 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. Stifel Nicolaus cut their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,338.75.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,250.85 on Friday. The business has a fifty day moving average price of $1,345.17 and a two-hundred day moving average price of $1,393.97. The stock has a market capitalization of $26.39 billion, a PE ratio of 33.72, a PEG ratio of 4.10 and a beta of 1.16. Mettler-Toledo International Inc. has a fifty-two week low of $1,068.33 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million for the quarter, compared to analyst estimates 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, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.39 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.