113 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Purchased by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in Mettler-Toledo International Inc. (NYSE:MTD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 113 shares of the medical instruments supplier’s stock, valued at approximately $135,000.

Several other institutional investors have also bought and sold shares of MTD. MV Capital Management Inc. lifted its holdings in Mettler-Toledo International by 162.5% in the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 13 shares during the period. CVA Family Office LLC acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $27,000. MCF Advisors LLC lifted its holdings in Mettler-Toledo International by 285.7% in the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after acquiring an additional 20 shares during the last quarter. Allworth Financial LP lifted its holdings in Mettler-Toledo International by 100.0% in the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in Mettler-Toledo International in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTD. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given 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.

Insider Activity

In other news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was 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 approximately $938,587.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Elisha W. Finney sold 251 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the sale, the director now directly owns 316 shares of the company’s stock, valued at approximately $372,042.60. The disclosure for this sale can be found here. Insiders have sold 951 shares of company stock worth $1,170,256 in the last 90 days. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Up 0.4 %

NYSE MTD opened at $1,238.09 on Friday. The stock’s 50-day moving average price is $1,274.38 and its two-hundred day moving average price is $1,176.53. The company has a market cap of $26.48 billion, a PE ratio of 34.50, a PEG ratio of 3.38 and a beta of 1.15. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,525.14.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The business had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. Mettler-Toledo International’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $12.10 EPS. Research analysts forecast that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

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.