Penobscot Investment Management Company Inc. Acquires 65 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Penobscot Investment Management Company Inc. raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 315 shares of the medical instruments supplier’s stock after buying an additional 65 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Mettler-Toledo International were worth $382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. AE Wealth Management LLC increased its position in shares of Mettler-Toledo International by 13.3% during the 3rd quarter. AE Wealth Management LLC now owns 187 shares of the medical instruments supplier’s stock worth $207,000 after purchasing an additional 22 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Mettler-Toledo International by 45.3% during the third quarter. Exchange Traded Concepts LLC now owns 292 shares of the medical instruments supplier’s stock worth $324,000 after buying an additional 91 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Mettler-Toledo International by 32.4% during the third quarter. Commonwealth Equity Services LLC now owns 984 shares of the medical instruments supplier’s stock worth $1,090,000 after acquiring an additional 241 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Mettler-Toledo International by 4.8% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,406 shares of the medical instruments supplier’s stock valued at $4,882,000 after acquiring an additional 200 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Mettler-Toledo International by 154.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 856 shares of the medical instruments supplier’s stock valued at $949,000 after acquiring an additional 520 shares during the period. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Up 1.9 %

Mettler-Toledo International stock opened at $1,253.38 on Thursday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,525.14. The stock has a market cap of $26.81 billion, a P/E ratio of 34.92, a P/E/G ratio of 3.36 and a beta of 1.16. The company’s 50-day moving average price is $1,277.83 and its two-hundred day moving average price is $1,180.42.

Mettler-Toledo International (NYSE:MTD) last announced its 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). The firm had revenue of $934.90 million for the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. Mettler-Toledo International’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $12.10 EPS. Equities analysts anticipate that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday. Evercore ISI upped their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,233.25.

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.