Albion Financial Group UT Has $996,000 Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Albion Financial Group UT grew its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 748 shares of the medical instruments supplier’s stock after purchasing an additional 66 shares during the quarter. Albion Financial Group UT’s holdings in Mettler-Toledo International were worth $996,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MTD. Azzad Asset Management Inc. ADV raised its position in Mettler-Toledo International by 1.2% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 3,165 shares of the medical instruments supplier’s stock worth $4,213,000 after purchasing an additional 39 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Mettler-Toledo International by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 51,994 shares of the medical instruments supplier’s stock worth $69,219,000 after acquiring an additional 357 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in shares of Mettler-Toledo International by 5.4% during the first quarter. Congress Wealth Management LLC DE now owns 10,484 shares of the medical instruments supplier’s stock valued at $13,959,000 after acquiring an additional 538 shares during the period. Diversified Trust Co boosted its holdings in Mettler-Toledo International by 24.2% in the first quarter. Diversified Trust Co now owns 4,080 shares of the medical instruments supplier’s stock valued at $5,432,000 after acquiring an additional 794 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in Mettler-Toledo International by 19.6% in the first quarter. Atlantic Union Bankshares Corp now owns 1,491 shares of the medical instruments supplier’s stock worth $1,985,000 after purchasing an additional 244 shares during the period. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MTD shares. Stifel Nicolaus upped their target price on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research report on Monday, May 13th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Citigroup upped their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research note on Monday, May 13th. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,267.50.

Mettler-Toledo International Stock Performance

NYSE MTD traded down $2.97 during trading hours on Wednesday, reaching $1,354.10. 71,143 shares of the company’s stock were exchanged, compared to its average volume of 146,003. The company has a market capitalization of $28.92 billion, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 3.75 and a beta of 1.17. The company’s 50-day moving average is $1,405.40 and its two-hundred day moving average is $1,296.35. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business posted $8.69 earnings per share. Research analysts predict that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,079,691.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Christian Magloth sold 1,100 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,079,691.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. Insiders sold 3,278 shares of company stock valued at $4,871,849 over the last three months. Company insiders own 1.94% of the company’s stock.

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.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.