Blair William & Co. IL Has $1.03 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Blair William & Co. IL lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 844 shares of the medical instruments supplier's stock after selling 247 shares during the quarter. Blair William & Co. IL's holdings in Mettler-Toledo International were worth $1,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Farther Finance Advisors LLC boosted its position in shares of Mettler-Toledo International by 14.3% during the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after purchasing an additional 8 shares in the last quarter. Townsquare Capital LLC lifted its stake in Mettler-Toledo International by 2.0% during the third quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier's stock valued at $693,000 after purchasing an additional 9 shares during the last quarter. M3 Advisory Group LLC boosted its holdings in Mettler-Toledo International by 5.8% during the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock worth $202,000 after buying an additional 9 shares in the last quarter. Apollon Wealth Management LLC grew 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 buying an additional 9 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of 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 valued at $374,000 after buying an additional 9 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Remove Ads

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were 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 of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerry Keller sold 600 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded up $10.76 during mid-day trading on Monday, reaching $1,033.42. The company had a trading volume of 450,725 shares, compared to its average volume of 134,783. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 3.30 and a beta of 1.28. The stock has a fifty day moving average of $1,257.88 and a two-hundred day moving average of $1,290.80. Mettler-Toledo International Inc. has a 12-month low of $961.83 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating for the company. Robert W. Baird increased their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. 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 note on Monday. Wells Fargo & Company upped their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Finally, Evercore ISI lifted their target price on shares of 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $1,380.50.

Mettler-Toledo International Company 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.