Greenleaf Trust Purchases 110 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Greenleaf Trust grew its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 15.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 838 shares of the medical instruments supplier’s stock after buying an additional 110 shares during the period. Greenleaf Trust’s holdings in Mettler-Toledo International were worth $1,016,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MV Capital Management Inc. boosted its stake in Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $27,000. Gladius Capital Management LP bought a new stake in shares of Mettler-Toledo International in the 3rd quarter worth approximately $27,000. Ancora Advisors LLC grew its stake in shares of Mettler-Toledo International by 100.0% in the 1st 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. Finally, VitalStone Financial LLC bought a new position in Mettler-Toledo International during the 1st quarter valued at approximately $37,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of recent research reports. StockNews.com cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday. Evercore ISI raised their price objective 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, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,188.54 on Monday. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,577.91. The business’s fifty day moving average is $1,269.63 and its 200 day moving average is $1,172.11. The stock has a market capitalization of $25.42 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly 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 company 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 business’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $12.10 earnings per share. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the company’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 completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $5,950,018.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christian Magloth sold 400 shares of the company’s 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 completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is owned by insiders.

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.