Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 15.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 748 shares of the medical instruments supplier’s stock after purchasing an additional 101 shares during the period. Wealthspire Advisors LLC’s holdings in Mettler-Toledo International were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MTD. MV Capital Management Inc. raised its holdings in shares of Mettler-Toledo International by 162.5% in the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after acquiring an additional 13 shares during the last quarter. CVA Family Office LLC purchased a new stake in Mettler-Toledo International during the 4th quarter worth about $27,000. MCF Advisors LLC raised its stake in Mettler-Toledo International by 285.7% in the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 20 shares during the last quarter. Allworth Financial LP lifted its holdings in Mettler-Toledo International by 100.0% in the 4th 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 in the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the sale, the director now directly owns 316 shares of the company’s stock, valued at approximately $372,042.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 951 shares of company stock worth $1,170,256. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Up 12.7 %

Shares of NYSE MTD traded up $164.50 during trading on Friday, hitting $1,454.92. 42,384 shares of the company traded hands, compared to its average volume of 137,472. The firm has a market capitalization of $31.12 billion, a P/E ratio of 35.95, a P/E/G ratio of 3.42 and a beta of 1.16. The company has a 50-day moving average price of $1,282.67 and a 200-day moving average price of $1,188.88. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,469.00.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.63 by $1.26. The firm had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.69 earnings per share. Research analysts predict that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Analysts Set New Price Targets

MTD has been the subject of a number of analyst reports. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Evercore ISI increased their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,191.57.

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.