Sanctuary Advisors LLC Grows Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Sanctuary Advisors LLC raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 44.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 517 shares of the medical instruments supplier’s stock after buying an additional 159 shares during the period. Sanctuary Advisors LLC’s holdings in Mettler-Toledo International were worth $775,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MTD. M&T Bank Corp raised its stake in shares of Mettler-Toledo International by 14.3% during the 3rd quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier’s stock worth $7,387,000 after purchasing an additional 615 shares during the period. TD Private Client Wealth LLC increased its holdings in Mettler-Toledo International by 342.9% during the third quarter. TD Private Client Wealth LLC now owns 186 shares of the medical instruments supplier’s stock worth $279,000 after buying an additional 144 shares during the last quarter. Toronto Dominion Bank boosted its stake in Mettler-Toledo International by 0.8% in the third quarter. Toronto Dominion Bank now owns 10,724 shares of the medical instruments supplier’s stock valued at $16,083,000 after acquiring an additional 85 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Mettler-Toledo International by 23.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 354 shares of the medical instruments supplier’s stock valued at $513,000 after acquiring an additional 67 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Mettler-Toledo International by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 547,439 shares of the medical instruments supplier’s stock worth $818,906,000 after purchasing an additional 4,166 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,234.39 on Tuesday. The firm has a fifty day moving average price of $1,283.82 and a two-hundred day moving average price of $1,370.13. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 4.21 and a beta of 1.13. Mettler-Toledo International Inc. has a one year low of $1,115.64 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. Equities research analysts expect that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gerry Keller sold 140 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analyst Ratings Changes

MTD has been the subject of several research reports. Robert W. Baird reduced their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Wolfe Research assumed coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. Stifel Nicolaus dropped their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Finally, Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,351.25.

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.