Cerity Partners LLC Boosts Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Cerity Partners LLC boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 52.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,690 shares of the medical instruments supplier’s stock after purchasing an additional 580 shares during the quarter. Cerity Partners LLC’s holdings in Mettler-Toledo International were worth $2,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Mettler-Toledo International in the 4th quarter worth approximately $428,679,000. International Assets Investment Management LLC increased its stake in Mettler-Toledo International by 109,458.1% in the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after acquiring an additional 67,864 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Mettler-Toledo International by 26.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier’s stock worth $471,369,000 after acquiring an additional 67,758 shares during the last quarter. Comgest Global Investors S.A.S. increased its stake in Mettler-Toledo International by 2,689.3% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 52,579 shares of the medical instruments supplier’s stock worth $58,261,000 after acquiring an additional 50,694 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in Mettler-Toledo International by 6,844.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 48,957 shares of the medical instruments supplier’s stock worth $54,248,000 after acquiring an additional 48,252 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $938,587.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International 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 completion of the sale, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christian Magloth sold 400 shares of the stock in a transaction dated 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 sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. In the last three months, insiders sold 951 shares of company stock valued at $1,170,256. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 0.3 %

Shares of MTD stock opened at $1,188.54 on Friday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,577.91. The stock has a market capitalization of $25.42 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 3.27 and a beta of 1.15. The stock has a fifty day simple moving average of $1,269.63 and a two-hundred day simple moving average of $1,170.88.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results 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 firm had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. During the same quarter in the prior year, the company posted $12.10 earnings per share. Mettler-Toledo International’s quarterly revenue was down 11.6% compared to the same quarter last year. Research analysts predict that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal 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.