Spire Wealth Management Boosts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Spire Wealth Management increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 44.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,319 shares of the medical instruments supplier’s stock after purchasing an additional 1,021 shares during the period. Spire Wealth Management’s holdings in Mettler-Toledo International were worth $3,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC grew its holdings in shares of Mettler-Toledo International by 100.0% in the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock worth $31,000 after purchasing an additional 10 shares during the last quarter. VitalStone Financial LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter valued at approximately $37,000. Gladius Capital Management LP bought a new stake in Mettler-Toledo International during the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 37.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 33 shares of the medical instruments supplier’s stock worth $43,000 after buying an additional 9 shares during the period. Finally, Huntington National Bank grew its position in shares of Mettler-Toledo International by 34.6% during the 2nd quarter. Huntington National Bank now owns 35 shares of the medical instruments supplier’s stock worth $46,000 after buying an additional 9 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MTD. The Goldman Sachs Group lowered their price target on shares of Mettler-Toledo International from $1,185.00 to $1,030.00 and set a “neutral” rating for the company in a research report on Monday, November 13th. Citigroup reaffirmed a “sell” rating and set a $975.00 price objective (down previously from $1,050.00) on shares of Mettler-Toledo International in a research report on Monday, December 11th. Stifel Nicolaus reduced their target price on shares of Mettler-Toledo International from $1,425.00 to $1,270.00 and set a “buy” rating for the company in a report on Monday, November 13th. Wells Fargo & Company cut their price objective on shares of Mettler-Toledo International from $1,520.00 to $1,300.00 and set an “overweight” rating on the stock in a research report on Monday, November 13th. Finally, StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,223.71.

Read Our Latest Analysis on Mettler-Toledo International

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Roland D. Diggelmann purchased 315 shares of Mettler-Toledo International stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $1,026.54 per share, with a total value of $323,360.10. Following the transaction, the director now owns 405 shares of the company’s stock, valued at approximately $415,748.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.

Mettler-Toledo International Trading Down 1.1 %

NYSE:MTD opened at $1,210.11 on Monday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,615.97. The company has a market cap of $26.24 billion, a PE ratio of 30.85, a P/E/G ratio of 5.13 and a beta of 1.15. The company’s 50 day moving average is $1,172.19 and its two-hundred day moving average is $1,147.03.

Mettler-Toledo International (NYSE:MTDGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The medical instruments supplier reported $9.80 earnings per share for the quarter, beating analysts’ consensus estimates of $9.63 by $0.17. Mettler-Toledo International had a net margin of 22.24% and a negative return on equity of 1,852.05%. The firm had revenue of $942.46 million for the quarter, compared to analyst estimates of $947.10 million. During the same period in the previous year, the company earned $10.18 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, analysts expect that Mettler-Toledo International Inc. will post 38.98 EPS for the current fiscal year.

About Mettler-Toledo International

(Free Report)

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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.

Further Reading

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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