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

Sequoia Financial Advisors LLC grew its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 82.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 620 shares of the medical instruments supplier’s stock after purchasing an additional 280 shares during the period. Sequoia Financial Advisors LLC’s holdings in Mettler-Toledo International were worth $752,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. CVA Family Office LLC acquired a new stake in Mettler-Toledo International during the fourth quarter worth about $27,000. Gladius Capital Management LP bought a new position in shares of Mettler-Toledo International during the third quarter valued at approximately $27,000. Ancora Advisors LLC grew its holdings in shares of Mettler-Toledo International by 100.0% during the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 10 shares during the last quarter. VitalStone Financial LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $37,000. Finally, Allworth Financial LP lifted its holdings in shares of Mettler-Toledo International by 100.0% in the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTD has been the topic of several analyst reports. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Sunday, March 31st. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,233.25.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,243.62 on Tuesday. The stock has a market cap of $26.60 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 3.44 and a beta of 1.15. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,615.97. The business has a fifty day moving average of $1,269.98 and a 200-day moving average of $1,168.98.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $12.10 EPS. On average, equities research analysts predict that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Insider Activity

In related news, insider Christian Magloth sold 400 shares of the firm’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 transaction, the insider now owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction on 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 owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at $938,587.82. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock worth $1,170,256 over the last three months. Corporate insiders own 1.94% of the company’s stock.

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.