Mission Wealth Management LP Grows Position in Mettler-Toledo International Inc. (NYSE:MTD)

Mission Wealth Management LP lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,021 shares of the medical instruments supplier’s stock after purchasing an additional 45 shares during the quarter. Mission Wealth Management LP’s holdings in Mettler-Toledo International were worth $1,239,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTD. MV Capital Management Inc. raised its position in Mettler-Toledo International by 162.5% in the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 13 shares during the period. CVA Family Office LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $27,000. MCF Advisors LLC raised its holdings in shares of Mettler-Toledo International by 285.7% during the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after buying an additional 20 shares during the period. Allworth Financial LP lifted its position in Mettler-Toledo International by 100.0% during the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 16 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in Mettler-Toledo International in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MTD. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,233.25.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,253.38 on Thursday. The stock has a 50-day simple moving average of $1,277.83 and a 200 day simple moving average of $1,180.42. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,525.14. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 3.36 and a beta of 1.16.

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

Insiders Place Their Bets

In related news, Director Elisha W. Finney sold 251 shares of the stock in a transaction dated 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 sale, the director now owns 316 shares in the company, valued at $372,042.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Elisha W. Finney sold 251 shares of the stock in a transaction dated Monday, February 12th. The stock was 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 directly owns 316 shares in the company, valued at approximately $372,042.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 951 shares of company stock valued at $1,170,256. 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.