Wealth Enhancement Advisory Services LLC Acquires 1,073 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Wealth Enhancement Advisory Services LLC raised its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 95.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,202 shares of the medical instruments supplier’s stock after acquiring an additional 1,073 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Mettler-Toledo International were worth $2,600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of MTD. Sanctuary Advisors LLC grew its position in Mettler-Toledo International by 3.3% in the 4th quarter. Sanctuary Advisors LLC now owns 534 shares of the medical instruments supplier’s stock valued at $653,000 after acquiring an additional 17 shares during the last quarter. Truist Financial Corp grew its position in Mettler-Toledo International by 1.3% in the 4th quarter. Truist Financial Corp now owns 1,053 shares of the medical instruments supplier’s stock valued at $1,289,000 after acquiring an additional 14 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Mettler-Toledo International in the 4th quarter valued at $825,000. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at $54,000. Finally, New York Life Investment Management LLC grew its position in Mettler-Toledo International by 0.6% in the 4th quarter. New York Life Investment Management LLC now owns 3,167 shares of the medical instruments supplier’s stock valued at $3,875,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,184.40 on Friday. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The stock’s 50-day moving average is $1,133.98 and its 200 day moving average is $1,198.27. The company has a market cap of $24.61 billion, a P/E ratio of 29.54, a PEG ratio of 3.53 and a beta of 1.38.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The company had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same quarter last year, the company earned $8.89 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the sale, the director now directly owns 120 shares in the company, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on MTD shares. Bank of America upped their price objective on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a “neutral” rating in a research report on Thursday. Jefferies Financial Group raised Mettler-Toledo International from an “underperform” rating to a “hold” rating and dropped their price target for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target on the stock in a research report on Monday, April 7th. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Finally, Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,300.36.

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.