1900 Wealth Management LLC Sells 55 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

1900 Wealth Management LLC cut its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 18.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 245 shares of the medical instruments supplier’s stock after selling 55 shares during the period. 1900 Wealth Management LLC’s holdings in Mettler-Toledo International were worth $297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in Mettler-Toledo International by 4.7% in the third quarter. CWM LLC now owns 600 shares of the medical instruments supplier’s stock valued at $665,000 after purchasing an additional 27 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of Mettler-Toledo International by 13.3% during the third quarter. AE Wealth Management LLC now owns 187 shares of the medical instruments supplier’s stock worth $207,000 after acquiring an additional 22 shares during the last quarter. HB Wealth Management LLC acquired a new stake in shares of Mettler-Toledo International during the third quarter worth about $243,000. Meridian Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International by 146.7% during the third quarter. Meridian Wealth Management LLC now owns 962 shares of the medical instruments supplier’s stock worth $1,066,000 after purchasing an additional 572 shares during the period. Finally, KFG Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International by 77.5% during the third quarter. KFG Wealth Management LLC now owns 410 shares of the medical instruments supplier’s stock worth $454,000 after purchasing an additional 179 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the sale, the director now directly owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the transaction, the director now owns 316 shares of the company’s stock, valued at approximately $372,042.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock worth $1,170,256 in the last three months. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Stock Performance

Shares of MTD traded up $39.26 during trading hours on Tuesday, hitting $1,238.72. 47,177 shares of the stock were exchanged, compared to its average volume of 139,402. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,574.26. The company has a market cap of $26.50 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15. The stock’s 50-day moving average price is $1,269.81 and its two-hundred day moving average price is $1,172.97.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MTD shares. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Evercore ISI lifted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,233.25.

About Mettler-Toledo International

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.