Everence Capital Management Inc. Has $2.07 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Everence Capital Management Inc. grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 31.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,710 shares of the medical instruments supplier’s stock after buying an additional 410 shares during the period. Everence Capital Management Inc.’s holdings in Mettler-Toledo International were worth $2,074,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. MV Capital Management Inc. raised its position in shares of Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares during the last quarter. CVA Family Office LLC acquired a new position in Mettler-Toledo International in the fourth quarter worth about $27,000. Gladius Capital Management LP acquired a new position in Mettler-Toledo International in the third quarter worth about $27,000. Ancora Advisors LLC raised its position in Mettler-Toledo International by 100.0% in the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock worth $31,000 after purchasing an additional 10 shares in the last quarter. Finally, VitalStone Financial LLC acquired a new position in Mettler-Toledo International in the first quarter worth about $37,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Trading Down 1.3 %

NYSE MTD opened at $1,227.84 on Wednesday. The firm has a market cap of $26.26 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 3.39 and a beta of 1.15. The company has a 50 day moving average of $1,270.30 and a 200-day moving average of $1,169.83. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,615.97.

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 for the quarter, missing the consensus estimate of $10.32 by ($0.92). The firm had revenue of $934.90 million for the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the business posted $12.10 EPS. On average, analysts forecast that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Shawn Vadala sold 300 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock valued at $1,170,256 over the last quarter. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MTD. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Sunday, March 31st. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,233.25.

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.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.