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

Venturi Wealth Management LLC increased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 47.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 384 shares of the medical instruments supplier’s stock after purchasing an additional 124 shares during the quarter. Venturi Wealth Management LLC’s holdings in Mettler-Toledo International were worth $576,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $25,000. Blue Trust Inc. grew its position in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Mettler-Toledo International during the 3rd quarter valued at $37,000. Rothschild Investment LLC purchased a new stake in Mettler-Toledo International during the 2nd quarter worth about $42,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Mettler-Toledo International during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,260.97 on Wednesday. Mettler-Toledo International Inc. has a fifty-two week low of $1,015.29 and a fifty-two week high of $1,546.93. The company has a market capitalization of $26.76 billion, a P/E ratio of 34.00, a PEG ratio of 3.83 and a beta of 1.16. The stock has a 50 day moving average price of $1,394.23 and a two-hundred day moving average price of $1,402.64.

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

Insiders Place Their Bets

In related news, insider Christian Magloth sold 1,000 shares of the company’s 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 completion of the transaction, the insider now owns 734 shares in the company, valued at $1,044,459.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.