Creekmur Asset Management LLC Acquires Shares of 304 Mettler-Toledo International, Inc. (NYSE:MTD)

Creekmur Asset Management LLC bought a new stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 304 shares of the medical instruments supplier's stock, valued at approximately $359,000.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after acquiring an additional 8 shares during the period. Greenleaf Trust raised its position in shares of Mettler-Toledo International by 1.2% in the 1st quarter. Greenleaf Trust now owns 872 shares of the medical instruments supplier's stock valued at $1,030,000 after acquiring an additional 10 shares during the period. Albion Financial Group UT raised its position in shares of Mettler-Toledo International by 1.5% in the 1st quarter. Albion Financial Group UT now owns 754 shares of the medical instruments supplier's stock valued at $890,000 after acquiring an additional 11 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Mettler-Toledo International by 1.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 627 shares of the medical instruments supplier's stock valued at $740,000 after acquiring an additional 11 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of Mettler-Toledo International by 5.4% in the 1st quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier's stock valued at $253,000 after acquiring an additional 11 shares during the period. Institutional investors own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of several research analyst reports. Robert W. Baird dropped their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company raised their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price target for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Bank of America raised their price target on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $1,280.90.

Insider Transactions at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, the director directly owned 120 shares of the company's stock, valued at $139,191.60. This represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

MTD stock traded down $8.44 during midday trading on Friday, reaching $1,197.24. The company had a trading volume of 93,366 shares, compared to its average volume of 150,949. The company has a market capitalization of $24.88 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 3.71 and a beta of 1.37. The stock has a 50 day moving average price of $1,175.85 and a 200-day moving average price of $1,194.11. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping the consensus estimate of $7.90 by $0.29. The firm had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.89 earnings per share. As a group, research analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

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.