Atlantic Union Bankshares Corp Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Atlantic Union Bankshares Corp grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,247 shares of the medical instruments supplier’s stock after acquiring an additional 83 shares during the period. Atlantic Union Bankshares Corp’s holdings in Mettler-Toledo International were worth $1,513,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ancora Advisors LLC raised its holdings in Mettler-Toledo International by 100.0% in the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after buying an additional 10 shares during the period. VitalStone Financial LLC purchased a new position in Mettler-Toledo International in the first quarter valued at approximately $37,000. CVA Family Office LLC purchased a new position in Mettler-Toledo International in the fourth quarter valued at approximately $27,000. Gladius Capital Management LP purchased a new position in Mettler-Toledo International in the third quarter valued at approximately $27,000. Finally, Huntington National Bank raised its holdings in Mettler-Toledo International by 34.6% in the second quarter. Huntington National Bank now owns 35 shares of the medical instruments supplier’s stock valued at $46,000 after buying an additional 9 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Mettler-Toledo International Stock Performance

Shares of MTD stock traded down $4.55 during mid-day trading on Friday, reaching $1,331.29. 94,138 shares of the company were exchanged, compared to its average volume of 143,379. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,615.97. The company has a market capitalization of $28.47 billion, a P/E ratio of 37.09, a P/E/G ratio of 3.65 and a beta of 1.15. The business’s 50 day simple moving average is $1,247.44 and its 200 day simple moving average is $1,153.21.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $12.10 EPS. On average, analysts forecast that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTD. Citigroup reiterated a “sell” rating and set a $975.00 price objective (down previously from $1,050.00) on shares of Mettler-Toledo International in a research note on Monday, December 11th. StockNews.com lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,223.71.

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.