Waldron Private Wealth LLC Buys Shares of 172 Mettler-Toledo International Inc. (NYSE:MTD)

Waldron Private Wealth LLC purchased a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 172 shares of the medical instruments supplier’s stock, valued at approximately $208,000.

Several other hedge funds have also made changes to their positions in the business. Ancora Advisors LLC grew its stake in shares of Mettler-Toledo International by 100.0% in the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock worth $31,000 after acquiring an additional 10 shares in the last quarter. MV Capital Management Inc. increased its holdings in Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 13 shares during the period. VitalStone Financial LLC purchased a new stake in Mettler-Toledo International during the 1st quarter worth about $37,000. CVA Family Office LLC acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $27,000. Finally, Gladius Capital Management LP purchased a new position in shares of Mettler-Toledo International in the 3rd quarter valued at about $27,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of several analyst reports. Evercore ISI raised 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. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Sunday, March 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,233.25.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,227.84 on Wednesday. The firm’s fifty day moving average price is $1,270.30 and its 200 day moving average price is $1,169.83. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,615.97. The company has a market capitalization of $26.26 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 3.39 and a beta of 1.15.

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

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction on Monday, February 12th. The shares were 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 owns 316 shares in the company, valued at approximately $372,042.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Elisha W. Finney sold 251 shares of the business’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 transaction, the director now owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 951 shares of company stock worth $1,170,256. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International 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.