Wealthspire Advisors LLC Has $1.86 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Wealthspire Advisors LLC lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 20.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,518 shares of the medical instruments supplier’s stock after selling 386 shares during the quarter. Wealthspire Advisors LLC’s holdings in Mettler-Toledo International were worth $1,858,000 at the end of the most recent quarter.

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

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Price Performance

MTD stock opened at $1,311.12 on Tuesday. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The stock has a market capitalization of $27.43 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The company’s 50-day moving average is $1,286.57 and its 200-day moving average is $1,332.39.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTD. Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Robert W. Baird increased their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Stifel Nicolaus dropped their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,368.00.

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.