Connecticut Wealth Management LLC Invests $689,000 in Mettler-Toledo International Inc. (NYSE:MTD)

Connecticut Wealth Management LLC bought a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 568 shares of the medical instruments supplier’s stock, valued at approximately $689,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. lifted its holdings in shares of Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC bought a new position in Mettler-Toledo International during the fourth quarter worth about $27,000. MCF Advisors LLC grew its stake in shares of Mettler-Toledo International by 285.7% in the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 20 shares during the period. Allworth Financial LP raised its holdings in shares of Mettler-Toledo International by 100.0% in the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after buying an additional 16 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter worth approximately $43,000. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $2.07 during trading hours on Friday, reaching $1,251.95. The company had a trading volume of 95,337 shares, compared to its average volume of 108,284. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,496.86. The firm has a market cap of $26.78 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 3.42 and a beta of 1.16. The company has a 50 day moving average of $1,279.84 and a 200 day moving average of $1,184.44.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing the consensus estimate of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $12.10 EPS. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christian Magloth sold 400 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. Insiders have sold 951 shares of company stock valued at $1,170,256 in the last 90 days. 1.94% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MTD shares. Evercore ISI increased their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,233.25.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.