Sone Capital Management LLC Takes $1.75 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Sone Capital Management LLC bought a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,426 shares of the medical instruments supplier’s stock, valued at approximately $1,745,000.

Several other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock valued at $78,000 after purchasing an additional 8 shares during the period. M3 Advisory Group LLC lifted its stake in shares of Mettler-Toledo International by 5.8% in the 4th quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock valued at $202,000 after purchasing an additional 9 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Mettler-Toledo International by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock valued at $451,000 after purchasing an additional 9 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Mettler-Toledo International by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock valued at $374,000 after purchasing an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of Mettler-Toledo International by 0.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock valued at $2,549,000 after purchasing an additional 10 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 1.4%

Mettler-Toledo International stock opened at $1,158.93 on Monday. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.30 and a beta of 1.40. The company has a fifty day simple moving average of $1,107.03 and a 200-day simple moving average of $1,217.60.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The business had revenue of $883.74 million during the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the prior year, the firm earned $8.89 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MTD shares. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and decreased their target price for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective for the company in a research report on Monday, April 7th. Finally, Wells Fargo & Company upped their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,296.13.

Mettler-Toledo International 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.