CWA Asset Management Group LLC Takes $1.43 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

CWA Asset Management Group LLC acquired a new position in Mettler-Toledo International Inc. (NYSE:MTD) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 952 shares of the medical instruments supplier’s stock, valued at approximately $1,428,000.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in Mettler-Toledo International by 69.9% in the first quarter. Janney Montgomery Scott LLC now owns 440 shares of the medical instruments supplier’s stock valued at $586,000 after acquiring an additional 181 shares during the last quarter. Empowered Funds LLC lifted its position in Mettler-Toledo International by 15.5% during the 1st quarter. Empowered Funds LLC now owns 269 shares of the medical instruments supplier’s stock valued at $358,000 after purchasing an additional 36 shares during the period. SG Americas Securities LLC boosted its stake in shares of Mettler-Toledo International by 501.6% in the 1st quarter. SG Americas Securities LLC now owns 2,954 shares of the medical instruments supplier’s stock valued at $3,933,000 after purchasing an additional 2,463 shares during the last quarter. Sei Investments Co. grew its position in shares of Mettler-Toledo International by 17.5% during the 1st quarter. Sei Investments Co. now owns 24,420 shares of the medical instruments supplier’s stock worth $32,507,000 after buying an additional 3,636 shares during the period. Finally, NorthRock Partners LLC raised its stake in shares of Mettler-Toledo International by 114.3% during the first quarter. NorthRock Partners LLC now owns 898 shares of the medical instruments supplier’s stock worth $1,195,000 after buying an additional 479 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MTD shares. Stifel Nicolaus lifted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI increased their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company began coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,363.75.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,310.03 on Friday. The company has a market capitalization of $27.80 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 4.09 and a beta of 1.16. The business has a 50-day moving average of $1,398.01 and a two-hundred day moving average of $1,400.25. Mettler-Toledo International Inc. has a 1 year low of $953.28 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The business had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. On average, equities analysts anticipate that Mettler-Toledo International Inc. will post 40.34 EPS for the current fiscal year.

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.