Solidarity Wealth LLC Has $5.63 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Solidarity Wealth LLC increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,599 shares of the medical instruments supplier’s stock after acquiring an additional 40 shares during the quarter. Mettler-Toledo International comprises 1.5% of Solidarity Wealth LLC’s portfolio, making the stock its 22nd biggest holding. Solidarity Wealth LLC’s holdings in Mettler-Toledo International were worth $5,628,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Benjamin F. Edwards & Company Inc. grew its holdings in Mettler-Toledo International by 12.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 131 shares of the medical instruments supplier’s stock valued at $183,000 after buying an additional 15 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Mettler-Toledo International by 52.5% in the 2nd quarter. Pacer Advisors Inc. now owns 3,853 shares of the medical instruments supplier’s stock valued at $5,385,000 after buying an additional 1,327 shares in the last quarter. ProShare Advisors LLC grew its holdings in Mettler-Toledo International by 6.6% in the 2nd quarter. ProShare Advisors LLC now owns 3,098 shares of the medical instruments supplier’s stock valued at $4,330,000 after buying an additional 193 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in Mettler-Toledo International by 12,700.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 384 shares of the medical instruments supplier’s stock valued at $537,000 after buying an additional 381 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Mettler-Toledo International in the 2nd quarter valued at $42,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares of the company’s stock, valued at approximately $314,820. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerry Keller sold 140 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of research reports. Robert W. Baird decreased their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their target price for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Stifel Nicolaus cut their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and upped their target price for the company from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,351.25.

Mettler-Toledo International Trading Down 0.1 %

Mettler-Toledo International stock opened at $1,295.77 on Tuesday. The company has a market capitalization of $27.34 billion, a PE ratio of 34.94, a P/E/G ratio of 4.10 and a beta of 1.12. Mettler-Toledo International Inc. has a 12 month low of $1,133.46 and a 12 month high of $1,546.93. The stock has a 50-day moving average price of $1,241.52 and a two-hundred day moving average price of $1,343.99.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share 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.