SRS Capital Advisors Inc. Grows Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

SRS Capital Advisors Inc. grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 43.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69 shares of the medical instruments supplier’s stock after acquiring an additional 21 shares during the period. SRS Capital Advisors Inc.’s holdings in Mettler-Toledo International were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MTD. Jacobi Capital Management LLC raised its position in Mettler-Toledo International by 9.1% during the 4th quarter. Jacobi Capital Management LLC now owns 180 shares of the medical instruments supplier’s stock valued at $220,000 after purchasing an additional 15 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Mettler-Toledo International by 6.1% during the fourth quarter. Metis Global Partners LLC now owns 1,945 shares of the medical instruments supplier’s stock valued at $2,380,000 after buying an additional 112 shares during the period. Verus Capital Partners LLC raised its holdings in shares of Mettler-Toledo International by 36.7% during the fourth quarter. Verus Capital Partners LLC now owns 298 shares of the medical instruments supplier’s stock valued at $365,000 after acquiring an additional 80 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Mettler-Toledo International in the fourth quarter worth $163,216,000. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Mettler-Toledo International by 1.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 8,448 shares of the medical instruments supplier’s stock valued at $10,338,000 after acquiring an additional 100 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 1.1 %

MTD stock opened at $1,272.03 on Friday. The business has a 50 day moving average of $1,292.60 and a 200 day moving average of $1,325.83. The firm has a market cap of $26.61 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MTD. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company increased 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 note on Monday, February 10th. Stifel Nicolaus cut their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Robert W. Baird increased their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Citigroup lowered their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,380.50.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by company 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.