Wealthspire Advisors LLC Has $1.86 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Wealthspire Advisors LLC lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 20.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,518 shares of the medical instruments supplier’s stock after selling 386 shares during the period. Wealthspire Advisors LLC’s holdings in Mettler-Toledo International were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Suncoast Equity Management boosted its holdings in shares of Mettler-Toledo International by 10.7% during the 4th quarter. Suncoast Equity Management now owns 509 shares of the medical instruments supplier’s stock worth $623,000 after buying an additional 49 shares during the period. Boston Financial Mangement LLC lifted its position in Mettler-Toledo International by 12.8% during the fourth quarter. Boston Financial Mangement LLC now owns 7,429 shares of the medical instruments supplier’s stock worth $9,091,000 after acquiring an additional 843 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Mettler-Toledo International by 14.3% during the fourth quarter. Handelsbanken Fonder AB now owns 12,913 shares of the medical instruments supplier’s stock worth $15,801,000 after acquiring an additional 1,618 shares during the period. Truist Financial Corp grew its position in shares of Mettler-Toledo International by 1.3% in the fourth quarter. Truist Financial Corp now owns 1,053 shares of the medical instruments supplier’s stock valued at $1,289,000 after purchasing an additional 14 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Mettler-Toledo International by 4.1% during the fourth quarter. CIBC Asset Management Inc now owns 3,235 shares of the medical instruments supplier’s stock worth $3,959,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird boosted their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Stifel Nicolaus reduced their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company raised their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Finally, Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,368.00.

Mettler-Toledo International Stock Up 1.9 %

MTD stock opened at $1,311.12 on Tuesday. The company’s 50-day moving average price is $1,286.57 and its two-hundred day moving average price is $1,332.39. The firm has a market cap of $27.43 billion, a P/E ratio of 32.35, a P/E/G ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Equities analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is owned by insiders.

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.