Mettler-Toledo International Inc. (NYSE:MTD) Stake Increased by Signaturefd LLC

Signaturefd LLC increased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 391 shares of the medical instruments supplier’s stock after buying an additional 61 shares during the period. Signaturefd LLC’s holdings in Mettler-Toledo International were worth $474,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. increased its stake in Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC bought a new stake in Mettler-Toledo International during the fourth quarter valued at $27,000. Allworth Financial LP increased its stake in Mettler-Toledo International by 100.0% during the fourth quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Operose Advisors LLC bought a new stake in Mettler-Toledo International during the third quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC increased its stake in Mettler-Toledo International by 51.5% during the third quarter. EverSource Wealth Advisors LLC now owns 50 shares of the medical instruments supplier’s stock valued at $55,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock valued at $1,170,256 over the last 90 days. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,235.37 on Thursday. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,565.00. The company has a market cap of $26.42 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.15. The firm has a fifty day moving average of $1,272.58 and a 200-day moving average of $1,174.53.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing the consensus estimate of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $12.10 EPS. Analysts predict that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,233.25.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.