SRS Capital Advisors Inc. Sells 51 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

SRS Capital Advisors Inc. cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 68.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24 shares of the medical instruments supplier’s stock after selling 51 shares during the period. SRS Capital Advisors Inc.’s holdings in Mettler-Toledo International were worth $29,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in shares of Mettler-Toledo International by 32.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 984 shares of the medical instruments supplier’s stock worth $1,090,000 after purchasing an additional 241 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in 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 worth $949,000 after acquiring an additional 520 shares during the last quarter. Raymond James & Associates raised its stake in Mettler-Toledo International by 2.4% in the 3rd quarter. Raymond James & Associates now owns 4,262 shares of the medical instruments supplier’s stock valued at $4,723,000 after acquiring an additional 101 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Mettler-Toledo International by 8.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,336 shares of the medical instruments supplier’s stock worth $1,480,000 after purchasing an additional 100 shares during the period. Finally, Bailard Inc. raised its position in shares of Mettler-Toledo International by 143.2% in the third quarter. Bailard Inc. now owns 394 shares of the medical instruments supplier’s stock valued at $437,000 after purchasing an additional 232 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have 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, April 29th. Evercore ISI raised their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,233.25.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the 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 transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 $372,042.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock valued at $1,170,256 over the last 90 days. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Up 0.2 %

Shares of NYSE MTD opened at $1,251.95 on Monday. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,496.86. The firm has a market capitalization of $26.78 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.42 and a beta of 1.16. The business has a 50-day moving average of $1,279.84 and a 200-day moving average of $1,184.44.

Mettler-Toledo International (NYSE:MTD) last posted 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 net margin of 20.82% and a negative return on equity of 904.59%. The company had revenue of $934.90 million for the quarter, compared to analysts’ expectations of $959.45 million. During the same quarter last year, the business posted $12.10 EPS. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, analysts predict 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.