TD Private Client Wealth LLC Buys 144 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

TD Private Client Wealth LLC boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 342.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 186 shares of the medical instruments supplier’s stock after purchasing an additional 144 shares during the quarter. TD Private Client Wealth LLC’s holdings in Mettler-Toledo International were worth $279,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at about $25,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International in the third quarter worth $37,000. Rothschild Investment LLC bought a new position in shares of Mettler-Toledo International during the second quarter worth $42,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now owns 240 shares of the company’s stock, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of several research analyst reports. Stifel Nicolaus dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company cut their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Robert W. Baird dropped their target price on shares of 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. Finally, Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price target for the company from $1,200.00 to $1,300.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,351.25.

Mettler-Toledo International Trading Up 0.0 %

Shares of MTD opened at $1,276.98 on Friday. The stock has a market capitalization of $26.95 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 4.19 and a beta of 1.13. Mettler-Toledo International Inc. has a 12 month low of $1,115.64 and a 12 month high of $1,546.93. The firm has a fifty day simple moving average of $1,305.85 and a 200 day simple moving average of $1,376.86.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The company had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, research 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.