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

MCF Advisors LLC increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 285.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27 shares of the medical instruments supplier’s stock after acquiring an additional 20 shares during the period. MCF Advisors LLC’s holdings in Mettler-Toledo International were worth $33,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in Mettler-Toledo International by 1.2% in the third quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock valued at $309,313,000 after purchasing an additional 3,371 shares during the last quarter. Morgan Stanley lifted its position in Mettler-Toledo International by 9.6% during the third quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock worth $296,041,000 after buying an additional 23,305 shares during the period. Barclays PLC lifted its position in Mettler-Toledo International by 4.1% during the third quarter. Barclays PLC now owns 225,239 shares of the medical instruments supplier’s stock worth $249,580,000 after buying an additional 8,933 shares during the period. Impax Asset Management Group plc lifted its position in Mettler-Toledo International by 6.6% during the fourth quarter. Impax Asset Management Group plc now owns 192,857 shares of the medical instruments supplier’s stock worth $233,928,000 after buying an additional 11,880 shares during the period. Finally, American Century Companies Inc. lifted its position in Mettler-Toledo International by 38.6% during the third quarter. American Century Companies Inc. now owns 145,911 shares of the medical instruments supplier’s stock worth $161,680,000 after buying an additional 40,599 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Evercore ISI increased their target price on 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. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,199.46 on Tuesday. The company has a market cap of $25.66 billion, a P/E ratio of 33.42, a PEG ratio of 3.25 and a beta of 1.15. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,574.26. The business’s 50-day simple moving average is $1,269.81 and its 200 day simple moving average is $1,172.97.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing the consensus estimate of $10.32 by ($0.92). The company had revenue of $934.90 million for the quarter, compared to analysts’ expectations of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $12.10 earnings per share. Analysts predict that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the firm’s 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 completion of the sale, 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 SEC, which is available through the SEC website. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the firm’s 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 completion of the sale, 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 SEC, which is available through the SEC website. Also, 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 sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is currently owned by company insiders.

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.