Benjamin Edwards Inc. Acquires 17 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Benjamin Edwards Inc. lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 210 shares of the medical instruments supplier’s stock after purchasing an additional 17 shares during the quarter. Benjamin Edwards Inc.’s holdings in Mettler-Toledo International were worth $257,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock valued at $78,000 after buying an additional 8 shares during the last quarter. M3 Advisory Group LLC increased its position in Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock worth $202,000 after purchasing an additional 9 shares during the period. Apollon Wealth Management LLC increased its position in Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock worth $451,000 after purchasing an additional 9 shares during the period. Steward Partners Investment Advisory LLC increased its position in Mettler-Toledo International by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock worth $374,000 after purchasing an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp increased its position in Mettler-Toledo International by 0.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock worth $2,549,000 after purchasing an additional 10 shares during the period. 95.07% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Trading Down 2.0%

Mettler-Toledo International stock opened at $1,079.96 on Monday. The firm has a market capitalization of $22.44 billion, a P/E ratio of 26.65, a PEG ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The business has a 50-day moving average of $1,118.64 and a 200-day moving average of $1,222.47.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $8.89 EPS. Research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MTD shares. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and lowered their price objective for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their price objective 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, Evercore ISI lifted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,296.13.

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.