1900 Wealth Management LLC Has $314,000 Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

1900 Wealth Management LLC raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 257 shares of the medical instruments supplier’s stock after acquiring an additional 12 shares during the period. 1900 Wealth Management LLC’s holdings in Mettler-Toledo International were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MTD. Sanctuary Advisors LLC acquired a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $500,000. Park Avenue Securities LLC increased its holdings in Mettler-Toledo International by 13.7% during the 3rd quarter. Park Avenue Securities LLC now owns 299 shares of the medical instruments supplier’s stock worth $448,000 after purchasing an additional 36 shares in the last quarter. Czech National Bank raised its stake in shares of Mettler-Toledo International by 6.2% in the 3rd quarter. Czech National Bank now owns 4,322 shares of the medical instruments supplier’s stock valued at $6,482,000 after purchasing an additional 252 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Mettler-Toledo International by 12.9% in the third quarter. GAMMA Investing LLC now owns 254 shares of the medical instruments supplier’s stock valued at $381,000 after purchasing an additional 29 shares in the last quarter. Finally, Mather Group LLC. boosted its position in shares of Mettler-Toledo International by 54.5% during the third quarter. Mather Group LLC. now owns 68 shares of the medical instruments supplier’s stock worth $102,000 after buying an additional 24 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerry Keller sold 140 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MTD shares. Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. Stifel Nicolaus cut 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 report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Robert W. Baird lowered their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Finally, Wolfe Research initiated 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 given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $1,351.25.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,356.78 on Friday. The company has a fifty day moving average price of $1,273.86 and a two-hundred day moving average price of $1,343.14. Mettler-Toledo International Inc. has a one year low of $1,133.46 and a one year high of $1,546.93. The stock has a market cap of $28.63 billion, a P/E ratio of 36.58, a P/E/G ratio of 4.83 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

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.