Welch & Forbes LLC Has $43.27 Million Position in Mettler-Toledo International Inc. (MTD)

Welch & Forbes LLC lifted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,512 shares of the medical instruments supplier’s stock after acquiring an additional 7,745 shares during the period. Mettler-Toledo International accounts for approximately 1.2% of Welch & Forbes LLC’s portfolio, making the stock its 22nd biggest holding. Welch & Forbes LLC owned 0.31% of Mettler-Toledo International worth $43,273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. CWM LLC boosted its stake in Mettler-Toledo International by 108.9% in the 4th quarter. CWM LLC now owns 94 shares of the medical instruments supplier’s stock worth $53,000 after buying an additional 49 shares during the last quarter. First Personal Financial Services boosted its stake in Mettler-Toledo International by 38.2% in the 4th quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock worth $53,000 after buying an additional 26 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in Mettler-Toledo International in the 4th quarter worth about $68,000. Lavaca Capital LLC acquired a new stake in Mettler-Toledo International in the 4th quarter worth about $85,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Mettler-Toledo International by 143.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180 shares of the medical instruments supplier’s stock worth $110,000 after buying an additional 106 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors and hedge funds.

MTD has been the topic of a number of research analyst reports. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Bank of America lowered Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 price target on the stock. in a research note on Thursday, January 3rd. Finally, Evercore ISI lowered Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research note on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $595.67.

Shares of Mettler-Toledo International stock traded up $2.70 during trading hours on Monday, reaching $665.00. The stock had a trading volume of 1,756 shares, compared to its average volume of 118,626. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 2.29 and a beta of 1.30. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.42 and a quick ratio of 1.06. Mettler-Toledo International Inc. has a 1 year low of $500.74 and a 1 year high of $666.46.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 7th. The medical instruments supplier reported $6.85 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.11. The company had revenue of $817.92 million for the quarter, compared to the consensus estimate of $807.58 million. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $5.97 EPS. Research analysts anticipate that Mettler-Toledo International Inc. will post 22.6 EPS for the current year.

In other news, insider William P. Donnelly sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $598.20, for a total value of $1,495,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider La Guerroniere Marc De sold 6,245 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $642.79, for a total value of $4,014,223.55. Following the completion of the transaction, the insider now owns 6,245 shares in the company, valued at $4,014,223.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,695 shares of company stock worth $16,459,743. Company insiders own 4.80% of the company’s stock.

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Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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