Whittier Trust Co. of Nevada Inc. Acquires 18 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Whittier Trust Co. of Nevada Inc. raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 60.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48 shares of the medical instruments supplier’s stock after buying an additional 18 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Mettler-Toledo International were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC raised its position in Mettler-Toledo International by 14.6% in the 1st quarter. Park Avenue Securities LLC now owns 439 shares of the medical instruments supplier’s stock worth $584,000 after purchasing an additional 56 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mettler-Toledo International by 16.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,144 shares of the medical instruments supplier’s stock valued at $1,523,000 after acquiring an additional 165 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in Mettler-Toledo International by 19.6% in the first quarter. Atlantic Union Bankshares Corp now owns 1,491 shares of the medical instruments supplier’s stock valued at $1,985,000 after acquiring an additional 244 shares during the last quarter. Diversified Trust Co increased its position in Mettler-Toledo International by 24.2% in the first quarter. Diversified Trust Co now owns 4,080 shares of the medical instruments supplier’s stock worth $5,432,000 after purchasing an additional 794 shares during the period. Finally, Congress Wealth Management LLC DE raised its holdings in Mettler-Toledo International by 5.4% during the 1st quarter. Congress Wealth Management LLC DE now owns 10,484 shares of the medical instruments supplier’s stock worth $13,959,000 after purchasing an additional 538 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group increased their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Stifel Nicolaus lifted their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,363.75.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,293.38 on Friday. The company has a fifty day moving average price of $1,421.35 and a two-hundred day moving average price of $1,394.57. The stock has a market cap of $27.62 billion, a P/E ratio of 36.27, a P/E/G ratio of 4.24 and a beta of 1.14. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $10.19 earnings per share. As a group, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Insider Activity

In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $6,884,514. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently 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.