Outlook Wealth Advisors LLC Increases Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Outlook Wealth Advisors LLC boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 22.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 262 shares of the medical instruments supplier’s stock after acquiring an additional 48 shares during the period. Outlook Wealth Advisors LLC’s holdings in Mettler-Toledo International were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rise Advisors LLC purchased a new stake in Mettler-Toledo International during the 1st quarter worth about $25,000. MV Capital Management Inc. lifted its stake in shares of Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares during the period. CVA Family Office LLC purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $27,000. Spartan Planning & Wealth Management purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $27,000. Finally, Bellevue Group AG acquired a new position in Mettler-Toledo International in the 4th quarter valued at $30,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

MTD stock traded up $5.18 during midday trading on Friday, reaching $1,238.09. 94,952 shares of the company’s stock traded hands, compared to its average volume of 107,112. The company has a market capitalization of $26.48 billion, a P/E ratio of 34.50, a PEG ratio of 3.37 and a beta of 1.15. The business has a 50-day moving average price of $1,274.38 and a two-hundred day moving average price of $1,175.98. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,525.14.

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

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the completion of the sale, the director now owns 316 shares of the company’s stock, valued at approximately $372,042.60. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock valued at $1,170,256 in the last ninety days. Insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,233.25.

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.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.