OneAscent Investment Solutions LLC Takes Position in Mettler-Toledo International, Inc. (NYSE:MTD)

OneAscent Investment Solutions LLC bought a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 1st quarter, HoldingsChannel.com reports. The firm bought 396 shares of the medical instruments supplier’s stock, valued at approximately $468,000.

Other institutional investors have also made changes to their positions in the company. Greenleaf Trust lifted its holdings in Mettler-Toledo International by 1.2% during the 1st quarter. Greenleaf Trust now owns 872 shares of the medical instruments supplier’s stock valued at $1,030,000 after purchasing an additional 10 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Mettler-Toledo International by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 627 shares of the medical instruments supplier’s stock valued at $740,000 after purchasing an additional 11 shares during the last quarter. Albion Financial Group UT lifted its holdings in Mettler-Toledo International by 1.5% during the 1st quarter. Albion Financial Group UT now owns 754 shares of the medical instruments supplier’s stock valued at $890,000 after purchasing an additional 11 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Mettler-Toledo International by 5.4% during the 1st quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier’s stock valued at $253,000 after purchasing an additional 11 shares during the last quarter. Finally, Congress Asset Management Co. lifted its holdings in Mettler-Toledo International by 1.8% during the 1st quarter. Congress Asset Management Co. now owns 667 shares of the medical instruments supplier’s stock valued at $788,000 after purchasing an additional 12 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total transaction of $376,227.00. Following the completion of the sale, the chief financial officer owned 5,095 shares in the company, valued at $6,389,588.55. The trade was a 5.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,231,845.66. Following the sale, the director owned 120 shares of the company’s stock, valued at approximately $139,191.60. This represents a 89.85% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Trading Up 2.4%

Shares of NYSE MTD opened at $1,324.30 on Thursday. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,521.01. The company has a market cap of $27.28 billion, a PE ratio of 33.54, a P/E/G ratio of 3.88 and a beta of 1.34. The company has a 50-day moving average of $1,210.00 and a two-hundred day moving average of $1,190.94.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, topping the consensus estimate of $9.58 by $0.51. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The company had revenue of $983.22 million during the quarter, compared to analysts’ expectations of $957.41 million. During the same quarter in the previous year, the company earned $9.65 EPS. Mettler-Toledo International’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on MTD. Barclays began coverage on shares of Mettler-Toledo International in a report on Tuesday, June 24th. They set an “overweight” rating and a $1,325.00 price target for the company. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Jefferies Financial Group raised shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and cut their price target for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Evercore ISI dropped their target price on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,288.89.

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.