Connecticut Wealth Management LLC Acquires New Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Connecticut Wealth Management LLC bought a new position in shares of 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 firm bought 568 shares of the medical instruments supplier’s stock, valued at approximately $689,000.

A number of other institutional investors have also made changes to their positions in MTD. Northern Trust Corp grew its stake in shares of Mettler-Toledo International by 1.2% in the third quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock worth $309,313,000 after acquiring an additional 3,371 shares in the last quarter. Morgan Stanley increased its position in Mettler-Toledo International by 9.6% during the third quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock worth $296,041,000 after buying an additional 23,305 shares during the period. Barclays PLC lifted its stake in Mettler-Toledo International by 4.1% in the third quarter. Barclays PLC now owns 225,239 shares of the medical instruments supplier’s stock valued at $249,580,000 after buying an additional 8,933 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of Mettler-Toledo International by 6.6% during the fourth quarter. Impax Asset Management Group plc now owns 192,857 shares of the medical instruments supplier’s stock worth $233,928,000 after acquiring an additional 11,880 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Mettler-Toledo International by 38.6% during the third quarter. American Century Companies Inc. now owns 145,911 shares of the medical instruments supplier’s stock worth $161,680,000 after buying an additional 40,599 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on MTD shares. Evercore ISI increased their target price 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 upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,233.25.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International 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 transaction of $295,514.85. Following the transaction, the director now directly owns 316 shares in the company, valued at approximately $372,042.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the completion of the sale, the director now owns 316 shares of the company’s stock, valued at approximately $372,042.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock worth $1,170,256 over the last ninety days. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Trading Up 0.2 %

MTD stock traded up $2.07 during trading hours on Friday, hitting $1,251.95. 95,337 shares of the stock traded hands, compared to its average volume of 108,284. The stock has a 50-day simple moving average of $1,279.84 and a 200 day simple moving average of $1,184.44. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,496.86. The company has a market cap of $26.78 billion, a P/E ratio of 34.88, a P/E/G ratio of 3.42 and a beta of 1.16.

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

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.