Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 22.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262 shares of the medical instruments supplier’s stock after buying an additional 48 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Mettler-Toledo International were worth $349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. boosted its holdings in Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after buying an additional 13 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter worth approximately $27,000. Spartan Planning & Wealth Management acquired a new stake in shares of Mettler-Toledo International in the fourth quarter worth approximately $27,000. Finally, Bellevue Group AG purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTD. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. 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 note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,233.25.

Insider Buying and Selling

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

Mettler-Toledo International Stock Up 0.4 %

Shares of Mettler-Toledo International stock traded up $5.18 during mid-day trading on Friday, hitting $1,238.09. The stock had a trading volume of 94,952 shares, compared to its average volume of 107,112. The firm has a 50-day moving average of $1,274.38 and a two-hundred day moving average of $1,175.98. The firm has a market cap of $26.48 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 3.37 and a beta of 1.15. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,525.14.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share 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 analysts’ expectations of $959.45 million. During the same quarter in the previous year, the company posted $12.10 earnings per share. The company’s revenue was down 11.6% on a year-over-year basis. Sell-side analysts expect 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.