D.A. Davidson & CO. Has $366,000 Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

D.A. Davidson & CO. decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 299 shares of the medical instruments supplier’s stock after selling 21 shares during the quarter. D.A. Davidson & CO.’s holdings in Mettler-Toledo International were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MTD. Blue Trust Inc. lifted its position in Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after buying an additional 17 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Mettler-Toledo International in the third quarter valued at about $37,000. Sound Income Strategies LLC raised its holdings in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after acquiring an additional 45 shares in the last quarter. Huntington National Bank boosted its position in Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock valued at $81,000 after purchasing an additional 9 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in Mettler-Toledo International by 80.0% in the third quarter. Itau Unibanco Holding S.A. now owns 54 shares of the medical instruments supplier’s stock valued at $81,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Wells Fargo & Company increased their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Stifel Nicolaus lowered their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,368.00.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,290.12 on Thursday. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93. The company has a market capitalization of $26.98 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 3.30 and a beta of 1.13. The company has a 50-day simple moving average of $1,289.38 and a 200 day simple moving average of $1,331.49.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction that occurred on 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 directly owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now directly owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,530 shares of company stock worth $2,024,192 in the last ninety days. 1.94% of the stock is owned by company insiders.

About Mettler-Toledo International

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.