Sound Income Strategies LLC Grows Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Sound Income Strategies LLC grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4,500.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46 shares of the medical instruments supplier’s stock after purchasing an additional 45 shares during the period. Sound Income Strategies LLC’s holdings in Mettler-Toledo International were worth $56,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. DT Investment Partners LLC boosted its position in Mettler-Toledo International by 13.3% during the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock valued at $102,000 after acquiring an additional 8 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Mettler-Toledo International by 8.0% in the 3rd quarter. UMB Bank n.a. now owns 122 shares of the medical instruments supplier’s stock valued at $183,000 after purchasing an additional 9 shares during the period. Bleakley Financial Group LLC grew its stake in Mettler-Toledo International by 1.2% in the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,135,000 after purchasing an additional 9 shares during the period. Suncoast Equity Management raised its holdings in Mettler-Toledo International by 2.0% in the third quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier’s stock worth $690,000 after purchasing an additional 9 shares in the last quarter. Finally, Huntington National Bank lifted its position 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 buying an additional 9 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Trading Down 0.3 %

Shares of MTD opened at $1,330.84 on Friday. Mettler-Toledo International Inc. has a 12 month low of $1,133.46 and a 12 month high of $1,546.93. The business’s fifty day simple moving average is $1,250.00 and its two-hundred day simple moving average is $1,343.25. The company has a market cap of $28.08 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 4.19 and a beta of 1.12.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, research analysts forecast that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elisha W. Finney sold 76 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the transaction, the director now owns 240 shares in the company, valued at $314,820. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analyst Ratings Changes

MTD has been the topic of a number of recent research reports. Stifel Nicolaus reduced 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 research report on Monday, November 11th. Evercore ISI upgraded shares of Mettler-Toledo International from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Robert W. Baird lowered their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company reduced their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,351.25.

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.