Vident Advisory LLC Buys 95 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Vident Advisory LLC raised its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,615 shares of the medical instruments supplier’s stock after purchasing an additional 95 shares during the period. Vident Advisory LLC’s holdings in Mettler-Toledo International were worth $3,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in MTD. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International during the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International during the 4th quarter valued at about $44,000. Blue Trust Inc. lifted its position in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after purchasing an additional 17 shares during the period. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International during the 4th quarter valued at about $54,000. Finally, Sound Income Strategies LLC lifted its position in Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after purchasing an additional 45 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTD has been the topic of a number of research reports. UBS Group upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and cut their target price for the company from $1,530.00 to $1,350.00 in a research report on Tuesday. Wells Fargo & Company increased their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Robert W. Baird cut their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and cut their price target for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Finally, Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target on the stock in a research report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,302.11.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. This trade represents a 51.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.77% of the company’s stock.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,185.46 on Wednesday. The business has a 50 day simple moving average of $1,105.55 and a 200 day simple moving average of $1,216.11. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The business had revenue of $883.74 million during the quarter, compared to analysts’ expectations of $876.61 million. During the same period in the prior year, the business earned $8.89 EPS. Mettler-Toledo International’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS 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.