K.J. Harrison & Partners Inc Purchases New Shares in Mettler-Toledo International Inc. (NYSE:MTD)

K.J. Harrison & Partners Inc acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,000 shares of the medical instruments supplier’s stock, valued at approximately $1,213,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. MV Capital Management Inc. lifted its position in shares of Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC bought a new position in Mettler-Toledo International in the fourth quarter valued at approximately $27,000. MCF Advisors LLC raised its position in Mettler-Toledo International by 285.7% during the fourth quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 20 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Mettler-Toledo International by 100.0% in the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock valued at $39,000 after purchasing an additional 16 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Mettler-Toledo International in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analysts Set New Price Targets

MTD has been the topic of a number of recent analyst reports. StockNews.com cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research 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 assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,233.25.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the 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 transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction dated 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 sale, the director now owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly 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 951 shares of company stock worth $1,170,256 over the last ninety days. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Trading Up 0.4 %

NYSE:MTD traded up $5.18 during mid-day trading on Friday, hitting $1,238.09. 94,952 shares of the company’s stock were exchanged, compared to its average volume of 107,112. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,525.14. The firm 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 company has a 50 day simple moving average of $1,274.38 and a 200-day simple moving average of $1,175.98.

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

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.