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

1900 Wealth Management LLC grew its position in Mettler-Toledo International Inc. (NYSE:MTD) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257 shares of the medical instruments supplier’s stock after buying an additional 12 shares during the quarter. 1900 Wealth Management LLC’s holdings in Mettler-Toledo International were worth $314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Mettler-Toledo International by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock valued at $332,634,000 after purchasing an additional 28,478 shares in the last quarter. Quest Partners LLC increased its stake in shares of Mettler-Toledo International by 878.1% in the 3rd quarter. Quest Partners LLC now owns 1,027 shares of the medical instruments supplier’s stock valued at $1,540,000 after purchasing an additional 922 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Mettler-Toledo International by 14.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock worth $1,860,000 after buying an additional 152 shares in the last quarter. M&T Bank Corp lifted its position in shares of Mettler-Toledo International by 14.3% during the 3rd quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier’s stock worth $7,387,000 after buying an additional 615 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Mettler-Toledo International by 29.8% in the fourth quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier’s stock valued at $129,919,000 after buying an additional 24,285 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,356.78 on Friday. The stock’s 50 day moving average is $1,273.86 and its 200 day moving average is $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 firm 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 posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts’ consensus estimates 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%. Equities analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the transaction, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the sale, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus lowered their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company decreased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Finally, Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and increased their target price for the company from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,351.25.

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.