CIBC Private Wealth Group LLC Has $1.19 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

CIBC Private Wealth Group LLC decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 979 shares of the medical instruments supplier’s stock after selling 25 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Mettler-Toledo International were worth $1,187,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MTD. Oppenheimer & Co. Inc. lifted its holdings in Mettler-Toledo International by 8.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 346 shares of the medical instruments supplier’s stock valued at $383,000 after purchasing an additional 28 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in Mettler-Toledo International by 4.4% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,589 shares of the medical instruments supplier’s stock worth $1,761,000 after buying an additional 67 shares during the period. D.A. Davidson & CO. increased its position in Mettler-Toledo International by 4.8% during the 3rd quarter. D.A. Davidson & CO. now owns 304 shares of the medical instruments supplier’s stock worth $337,000 after buying an additional 14 shares during the period. Pathstone Family Office LLC increased its position in Mettler-Toledo International by 151.4% during the 3rd quarter. Pathstone Family Office LLC now owns 1,365 shares of the medical instruments supplier’s stock worth $1,512,000 after buying an additional 822 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Mettler-Toledo International by 14.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,396 shares of the medical instruments supplier’s stock worth $4,871,000 after buying an additional 556 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 0.0 %

Mettler-Toledo International stock opened at $1,438.58 on Monday. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,535.86. The business’s 50-day moving average price is $1,348.46 and its two-hundred day moving average price is $1,257.36. The stock has a market cap of $30.72 billion, a PE ratio of 40.34, a P/E/G ratio of 3.86 and a beta of 1.20.

Mettler-Toledo International (NYSE:MTDGet Free Report) last released its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The firm had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. During the same quarter in the previous year, the business posted $8.69 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, analysts expect that Mettler-Toledo International Inc. will post 40.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on MTD. Jefferies Financial Group reiterated an “underperform” rating and set a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Robert W. Baird increased their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Citigroup raised their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research report on Monday, May 13th. Stifel Nicolaus raised their price target on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,256.25.

Get Our Latest Research Report on Mettler-Toledo International

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 310 shares of Mettler-Toledo International stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,511.56, for a total value of $468,583.60. Following the sale, the insider now directly owns 6 shares in the company, valued at $9,069.36. The disclosure for this sale can be found here. Insiders have sold a total of 3,278 shares of company stock worth $4,871,849 over the last 90 days. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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