Coldstream Capital Management Inc. Boosts Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Coldstream Capital Management Inc. increased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 23.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354 shares of the medical instruments supplier’s stock after buying an additional 67 shares during the period. Coldstream Capital Management Inc.’s holdings in Mettler-Toledo International were worth $513,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $25,000. Blue Trust Inc. lifted its position in Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the period. 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 shares of Mettler-Toledo International in the 2nd quarter worth about $42,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth about $42,000. 95.07% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction dated Monday, November 11th. The shares were 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 in the company, valued at $314,820. This trade represents a 24.05 % 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 140 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at $7,524.54. This represents a 95.89 % 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday. Wells Fargo & Company cut 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 research note on Monday, November 11th. Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Stifel Nicolaus dropped their price target 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, November 11th. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research note on Friday. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,351.25.

Mettler-Toledo International Trading Up 0.0 %

MTD opened at $1,276.98 on Friday. Mettler-Toledo International Inc. has a 1-year low of $1,115.64 and a 1-year high of $1,546.93. The firm’s 50 day simple moving average is $1,305.85 and its two-hundred day simple moving average is $1,376.86. The company has a market capitalization of $26.95 billion, a PE ratio of 34.43, a PEG ratio of 4.19 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The company had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Equities analysts forecast that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

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.