172 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC bought a new position in Mettler-Toledo International Inc. (NYSE:MTD) in the fourth quarter, HoldingsChannel.com reports. The fund bought 172 shares of the medical instruments supplier’s stock, valued at approximately $209,000.

Other hedge funds have also added to or reduced their stakes in the company. Ancora Advisors LLC boosted its holdings 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 buying an additional 10 shares during the last quarter. VitalStone Financial LLC purchased a new position in shares of Mettler-Toledo International during the 1st quarter worth $37,000. CVA Family Office LLC purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth $27,000. Gladius Capital Management LP bought a new stake in shares of Mettler-Toledo International during the 3rd quarter valued at $27,000. Finally, Allworth Financial LP increased its stake 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 in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction that occurred on 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 sale, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company’s 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 in the company, valued at $5,950,018.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 951 shares of company stock valued at $1,170,256. Corporate insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Sunday, March 31st. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One research 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,233.25.

Mettler-Toledo International Stock Down 2.5 %

NYSE MTD opened at $1,198.03 on Thursday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,615.97. The business has a 50-day moving average price of $1,269.99 and a 200-day moving average price of $1,170.02. The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 3.35 and a beta of 1.15.

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

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.