Venturi Wealth Management LLC Increases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Venturi Wealth Management LLC raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 47.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 384 shares of the medical instruments supplier’s stock after acquiring an additional 124 shares during the period. Venturi Wealth Management LLC’s holdings in Mettler-Toledo International were worth $576,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Mettler-Toledo International by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock valued at $117,000 after purchasing an additional 7 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Mettler-Toledo International by 6.6% during the 2nd quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock worth $158,000 after acquiring an additional 7 shares in the last quarter. Bellevue Group AG lifted its position in Mettler-Toledo International by 32.0% during the first quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock valued at $44,000 after acquiring an additional 8 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Mettler-Toledo International by 7.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock valued at $166,000 after acquiring an additional 8 shares in the last quarter. Finally, DT Investment Partners LLC grew its holdings in Mettler-Toledo International by 13.3% in the third quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock worth $102,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,260.97 on Wednesday. The stock has a 50 day moving average price of $1,394.23 and a 200 day moving average price of $1,402.64. The stock has a market capitalization of $26.76 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 3.83 and a beta of 1.16. Mettler-Toledo International Inc. has a one year low of $1,015.29 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 532.25%. On average, analysts predict that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTD. Wells Fargo & Company lowered 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. Robert W. Baird dropped their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,338.75.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.94% of the company’s stock.

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.