Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by MCF Advisors LLC

MCF Advisors LLC grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 285.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27 shares of the medical instruments supplier’s stock after acquiring an additional 20 shares during the quarter. MCF Advisors LLC’s holdings in Mettler-Toledo International were worth $33,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Personal CFO Solutions LLC increased its holdings in shares of Mettler-Toledo International by 2.2% during the third quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier’s stock valued at $523,000 after acquiring an additional 10 shares in the last quarter. Wealthspire Advisors LLC boosted its position in Mettler-Toledo International by 1.7% in the third quarter. Wealthspire Advisors LLC now owns 647 shares of the medical instruments supplier’s stock valued at $717,000 after buying an additional 11 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in Mettler-Toledo International by 2.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 568 shares of the medical instruments supplier’s stock valued at $689,000 after buying an additional 11 shares during the last quarter. Clarius Group LLC boosted its position in Mettler-Toledo International by 4.4% in the fourth quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock valued at $319,000 after buying an additional 11 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Mettler-Toledo International by 3.7% in the third quarter. Sequoia Financial Advisors LLC now owns 340 shares of the medical instruments supplier’s stock valued at $377,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity

In other news, Director Elisha W. Finney sold 251 shares of the stock in a transaction that occurred 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 owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Elisha W. Finney sold 251 shares of the stock in a transaction that occurred 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 owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders have sold 951 shares of company stock worth $1,170,256 in the last quarter. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Up 0.9 %

Mettler-Toledo International stock opened at $1,199.46 on Tuesday. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,574.26. The stock’s 50 day simple moving average is $1,269.81 and its two-hundred day simple moving average is $1,172.97. The firm has a market cap of $25.66 billion, a PE ratio of 33.42, a P/E/G ratio of 3.25 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results 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 net margin of 20.82% and a negative return on equity of 904.59%. The business had revenue of $934.90 million for the quarter, compared to analysts’ expectations of $959.45 million. During the same quarter last year, the business earned $12.10 EPS. The company’s quarterly revenue was down 11.6% on a year-over-year basis. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MTD shares. Evercore ISI upped their target price 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. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,233.25.

About Mettler-Toledo International

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.