Axxcess Wealth Management LLC Raises Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Axxcess Wealth Management LLC boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 18.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,482 shares of the medical instruments supplier’s stock after purchasing an additional 232 shares during the period. Axxcess Wealth Management LLC’s holdings in Mettler-Toledo International were worth $1,798,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTD. Northern Trust Corp increased its position in Mettler-Toledo International by 1.2% during the 3rd quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock worth $309,313,000 after purchasing an additional 3,371 shares during the period. Morgan Stanley grew its holdings in Mettler-Toledo International by 9.6% during the third quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock worth $296,041,000 after acquiring an additional 23,305 shares during the period. Barclays PLC raised its position in Mettler-Toledo International by 4.1% in the third quarter. Barclays PLC now owns 225,239 shares of the medical instruments supplier’s stock worth $249,580,000 after acquiring an additional 8,933 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Mettler-Toledo International by 6.6% in the fourth quarter. Impax Asset Management Group plc now owns 192,857 shares of the medical instruments supplier’s stock valued at $233,928,000 after acquiring an additional 11,880 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Mettler-Toledo International by 38.6% in the third quarter. American Century Companies Inc. now owns 145,911 shares of the medical instruments supplier’s stock valued at $161,680,000 after acquiring an additional 40,599 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,251.95 on Monday. The firm’s 50-day moving average is $1,279.84 and its two-hundred day moving average is $1,184.44. The company has a market capitalization of $26.78 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 3.42 and a beta of 1.16. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,496.86.

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

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International 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 sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Evercore ISI increased their target price 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 research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International currently 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.