TD Private Client Wealth LLC Increases Stake in Mettler-Toledo International Inc. (NYSE:MTD)

TD Private Client Wealth LLC increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 9.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 203 shares of the medical instruments supplier’s stock after buying an additional 17 shares during the quarter. TD Private Client Wealth LLC’s holdings in Mettler-Toledo International were worth $248,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Mettler-Toledo International by 3.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,278 shares of the medical instruments supplier’s stock valued at $1,917,000 after purchasing an additional 39 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in Mettler-Toledo International in the third quarter valued at $669,000. Cerity Partners LLC lifted its holdings in Mettler-Toledo International by 43.1% during the 3rd quarter. Cerity Partners LLC now owns 3,218 shares of the medical instruments supplier’s stock worth $4,826,000 after buying an additional 970 shares during the last quarter. Algert Global LLC acquired a new position in shares of Mettler-Toledo International during the 3rd quarter worth about $4,807,000. Finally, Larson Financial Group LLC increased its holdings in shares of Mettler-Toledo International by 10.9% in the 3rd quarter. Larson Financial Group LLC now owns 286 shares of the medical instruments supplier’s stock valued at $429,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

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

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,211.71 on Tuesday. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 3.30 and a beta of 1.15. The company has a 50-day simple moving average of $1,291.57 and a 200-day simple moving average of $1,308.45.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS 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%. As a group, research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of research analyst reports. Citigroup lowered their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company lifted 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. Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company. Finally, Robert W. Baird lifted 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,380.50.

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.