Spartan Planning & Wealth Management Takes Position in Mettler-Toledo International Inc. (NYSE:MTD)

Spartan Planning & Wealth Management acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the fourth quarter, Holdings Channel.com reports. The fund acquired 22 shares of the medical instruments supplier’s stock, valued at approximately $27,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Mettler-Toledo International during the 4th quarter worth $320,847,000. Principal Financial Group Inc. lifted its stake in Mettler-Toledo International by 65.4% in the fourth quarter. Principal Financial Group Inc. now owns 241,219 shares of the medical instruments supplier’s stock worth $292,589,000 after acquiring an additional 95,421 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Mettler-Toledo International by 109,458.1% during the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after acquiring an additional 67,864 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Mettler-Toledo International by 854.0% in the 4th quarter. Corient Private Wealth LLC now owns 74,707 shares of the medical instruments supplier’s stock valued at $90,617,000 after purchasing an additional 66,876 shares during the last quarter. Finally, Putnam Investments LLC raised its holdings in shares of Mettler-Toledo International by 2,561.7% in the 4th quarter. Putnam Investments LLC now owns 67,555 shares of the medical instruments supplier’s stock valued at $81,941,000 after purchasing an additional 65,017 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,160,041.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,160,041.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 310 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,511.56, for a total value of $468,583.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $9,069.36. The disclosure for this sale can be found here. Insiders have sold a total of 3,278 shares of company stock valued at $4,871,849 over the last quarter. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 0.5 %

Mettler-Toledo International stock opened at $1,447.76 on Tuesday. The stock has a 50 day moving average of $1,365.24 and a two-hundred day moving average of $1,272.90. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,535.86. The stock has a market capitalization of $30.92 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 3.90 and a beta of 1.20.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping the consensus estimate of $7.61 by $1.28. The firm had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the company earned $8.69 earnings per share. Equities analysts predict that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup increased their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Stifel Nicolaus upped their price target on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a report on Monday, May 13th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Finally, Robert W. Baird upped their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1,256.25.

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.