Sound Income Strategies LLC Buys 45 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Sound Income Strategies LLC grew its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 4,500.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46 shares of the medical instruments supplier’s stock after buying an additional 45 shares during the period. Sound Income Strategies LLC’s holdings in Mettler-Toledo International were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MTD. Crown Oak Advisors LLC raised its stake in Mettler-Toledo International by 14.2% during the 4th quarter. Crown Oak Advisors LLC now owns 5,644 shares of the medical instruments supplier’s stock worth $6,906,000 after acquiring an additional 702 shares during the period. Apeiron RIA LLC increased its stake in shares of Mettler-Toledo International by 22.0% in the fourth quarter. Apeiron RIA LLC now owns 311 shares of the medical instruments supplier’s stock worth $381,000 after purchasing an additional 56 shares in the last quarter. Inspire Investing LLC raised its position in shares of Mettler-Toledo International by 0.7% during the 4th quarter. Inspire Investing LLC now owns 2,058 shares of the medical instruments supplier’s stock valued at $2,518,000 after purchasing an additional 14 shares during the period. SG Americas Securities LLC raised its position in shares of Mettler-Toledo International by 458.2% during the 4th quarter. SG Americas Securities LLC now owns 6,911 shares of the medical instruments supplier’s stock valued at $8,457,000 after purchasing an additional 5,673 shares during the period. Finally, Eads & Heald Wealth Management boosted its holdings in Mettler-Toledo International by 14.3% in the 4th quarter. Eads & Heald Wealth Management now owns 400 shares of the medical instruments supplier’s stock worth $489,000 after buying an additional 50 shares during the period. Institutional investors own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 240 shares of the company’s stock, 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 currently owned by insiders.

Mettler-Toledo International Stock Down 0.3 %

Mettler-Toledo International stock opened at $1,330.84 on Friday. Mettler-Toledo International Inc. has a 52-week low of $1,133.46 and a 52-week high of $1,546.93. The company has a market cap of $28.08 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 4.19 and a beta of 1.12. The firm’s fifty day moving average is $1,250.00 and its 200 day moving average is $1,343.25.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly 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. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on MTD. Wells Fargo & Company decreased their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Stifel Nicolaus decreased their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Robert W. Baird cut their price objective 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. Evercore ISI upgraded shares of Mettler-Toledo International from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus 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.