Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 88.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 380 shares of the medical instruments supplier’s stock after acquiring an additional 178 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Mettler-Toledo International were worth $465,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MTD. Proficio Capital Partners LLC acquired a new position in shares of Mettler-Toledo International in the fourth quarter worth about $163,216,000. Seilern Investment Management Ltd acquired a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $89,221,000. AustralianSuper Pty Ltd raised its stake in Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock valued at $87,705,000 after buying an additional 69,490 shares in the last quarter. Canoe Financial LP raised its stake in Mettler-Toledo International by 576.5% during the fourth quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock valued at $67,936,000 after buying an additional 47,311 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Mettler-Toledo International by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock valued at $335,977,000 after buying an additional 33,456 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,272.03 on Friday. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93. The firm has a market capitalization of $26.61 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The business has a 50 day simple moving average of $1,292.60 and a 200 day simple moving average of $1,325.83.

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

Analyst Ratings Changes

Several brokerages have issued reports on MTD. Citigroup cut their price objective on 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. Wells Fargo & Company upped their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Wolfe Research initiated coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating for the company. Robert W. Baird upped their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus lowered their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,380.50.

Insider Buying and Selling

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. This represents a 51.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

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.