NewEdge Wealth LLC Makes New $303,000 Investment in Mettler-Toledo International Inc. (NYSE:MTD)

NewEdge Wealth LLC purchased a new position in Mettler-Toledo International Inc. (NYSE:MTD) during the 4th quarter, Holdings Channel reports. The fund purchased 250 shares of the medical instruments supplier’s stock, valued at approximately $303,000.

Several other institutional investors have also added to or reduced their stakes in MTD. CVA Family Office LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $27,000. Gladius Capital Management LP bought a new stake in shares of Mettler-Toledo International during the 3rd quarter valued at $27,000. Ancora Advisors LLC raised its position in shares of Mettler-Toledo International by 100.0% during the 1st 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 period. VitalStone Financial LLC bought a new stake in shares of Mettler-Toledo International during the 1st quarter valued at $37,000. Finally, Allworth Financial LP grew its stake in Mettler-Toledo International by 100.0% during the fourth quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock valued at $39,000 after acquiring an additional 16 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock valued at $1,170,256 in the last three months. Corporate insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Sunday, March 31st. 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 research note 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,233.25.

Mettler-Toledo International Stock Down 2.5 %

Shares of NYSE:MTD opened at $1,198.03 on Thursday. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,615.97. The stock has a market capitalization of $25.63 billion, a P/E ratio of 33.38, a PEG ratio of 3.35 and a beta of 1.15. The firm has a fifty day simple moving average of $1,269.99 and a two-hundred day simple moving average of $1,170.02.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data 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). Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. During the same period in the previous year, the business earned $12.10 earnings per share. The business’s quarterly revenue was down 11.6% on a year-over-year basis. On average, analysts expect that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current 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.