Keel Point LLC Invests $226,000 in Mettler-Toledo International Inc. (NYSE:MTD)

Keel Point LLC acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 186 shares of the medical instruments supplier’s stock, valued at approximately $226,000.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Mettler-Toledo International by 8.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 176 shares of the medical instruments supplier’s stock worth $242,000 after buying an additional 13 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Mettler-Toledo International by 19.7% in the first quarter. Raymond James Trust N.A. now owns 176 shares of the medical instruments supplier’s stock worth $242,000 after acquiring an additional 29 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Mettler-Toledo International by 48.9% during the 1st quarter. Vontobel Holding Ltd. now owns 834 shares of the medical instruments supplier’s stock valued at $1,172,000 after purchasing an additional 274 shares during the period. Sei Investments Co. lifted its holdings in Mettler-Toledo International by 4.2% during the 1st quarter. Sei Investments Co. now owns 16,305 shares of the medical instruments supplier’s stock worth $21,817,000 after purchasing an additional 662 shares in the last quarter. Finally, Prudential PLC bought a new position in Mettler-Toledo International in the 1st quarter worth about $626,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,227.84 on Wednesday. The company has a market capitalization of $26.26 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 3.39 and a beta of 1.15. The business has a 50 day moving average of $1,270.30 and a 200 day moving average of $1,169.83. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,615.97.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data 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). Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. During the same quarter in the previous year, the firm posted $12.10 earnings per share. The company’s revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Sunday, March 31st. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given 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 $1,233.25.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of the business’s 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 completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 316 shares of the company’s stock, valued at approximately $372,042.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 4,914 shares of the company’s stock, 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 over the last three months. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company 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.