International Assets Investment Management LLC Grows Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

International Assets Investment Management LLC boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 109,458.1% in the 4th quarter, HoldingsChannel reports. The fund owned 67,926 shares of the medical instruments supplier’s stock after buying an additional 67,864 shares during the quarter. International Assets Investment Management LLC’s holdings in Mettler-Toledo International were worth $82,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC bought a new stake in Mettler-Toledo International in the fourth quarter valued at approximately $27,000. Allworth Financial LP grew its holdings in shares of Mettler-Toledo International by 100.0% in the fourth 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. Operose Advisors LLC purchased a new position in shares of Mettler-Toledo International in the third quarter worth $43,000. EverSource Wealth Advisors LLC raised its holdings in Mettler-Toledo International by 51.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 50 shares of the medical instruments supplier’s stock valued at $55,000 after buying an additional 17 shares during the last quarter. Finally, Geo Capital Gestora de Recursos Ltd boosted its position in Mettler-Toledo International by 271.4% during the 3rd quarter. Geo Capital Gestora de Recursos Ltd now owns 52 shares of the medical instruments supplier’s stock valued at $58,000 after buying an additional 38 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $295,514.85. Following the transaction, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a filing with the SEC, which is available at 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 value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on MTD shares. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday. Evercore ISI upped their price target 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 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,233.25.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,249.64 on Friday. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,518.20. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 3.36 and a beta of 1.16. The business’s 50 day moving average price is $1,278.97 and its two-hundred day moving average price is $1,180.90.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data 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). Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The firm had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. During the same quarter last year, the company posted $12.10 EPS. Mettler-Toledo International’s revenue for the quarter was down 11.6% compared to the same quarter last year. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

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.