EverSource Wealth Advisors LLC Grows Position in Mettler-Toledo International Inc. (NYSE:MTD)

EverSource Wealth Advisors LLC lifted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 28.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 152 shares of the medical instruments supplier’s stock after buying an additional 34 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Mettler-Toledo International were worth $186,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Mettler-Toledo International in the fourth quarter worth $33,000. Blue Trust Inc. raised its stake in Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after purchasing an additional 17 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International during the fourth quarter valued at $54,000. Sound Income Strategies LLC raised its stake 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 valued at $56,000 after purchasing an additional 45 shares in the last quarter. Finally, Huntington National Bank raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 2.4 %

NYSE MTD opened at $1,231.32 on Monday. The company’s 50-day moving average price is $1,295.03 and its 200-day moving average price is $1,316.72. The stock has a market cap of $25.75 billion, a PE ratio of 30.38, a PEG ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93.

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

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Evercore ISI upped their price target 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. Citigroup decreased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company boosted their price objective 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 report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned 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 an average price target of $1,380.50.

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.