Wealth Enhancement Advisory Services LLC Has $2.60 Million Stake in Mettler-Toledo International, Inc. (NYSE:MTD)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 95.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,202 shares of the medical instruments supplier's stock after purchasing an additional 1,073 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Mettler-Toledo International were worth $2,600,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International during the fourth quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International in the 4th quarter valued at $44,000. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $54,000. Menard Financial Group LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth $67,000. Finally, Farther Finance Advisors LLC increased its position in shares of Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after purchasing an additional 8 shares during the period. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Trading Down 0.8%

MTD traded down $8.98 during trading on Monday, reaching $1,175.56. 119,236 shares of the company's stock were exchanged, compared to its average volume of 150,423. Mettler-Toledo International, Inc. has a one year low of $914.26 and a one year high of $1,546.93. The firm has a fifty day moving average price of $1,133.98 and a two-hundred day moving average price of $1,197.21. The stock has a market capitalization of $24.43 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 3.64 and a beta of 1.38.

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

Insider Activity

In related news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International 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 value of $1,231,845.66. Following the transaction, the director directly owned 120 shares of the company's stock, valued at $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Barclays assumed coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target on the stock. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research report on Monday, April 7th. Bank of America raised their price target on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of "Hold" and an average target price of $1,300.36.

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.