Campbell Wealth Management Acquires Shares of 497 Mettler-Toledo International Inc. (NYSE:MTD)

Campbell Wealth Management bought a new position in Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 497 shares of the medical instruments supplier’s stock, valued at approximately $608,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its stake in Mettler-Toledo International by 2,300.0% during the third quarter. Exchange Traded Concepts LLC now owns 144 shares of the medical instruments supplier’s stock worth $216,000 after buying an additional 138 shares during the last quarter. Creative Planning boosted its position in shares of Mettler-Toledo International by 2.3% during the 3rd quarter. Creative Planning now owns 2,761 shares of the medical instruments supplier’s stock valued at $4,141,000 after acquiring an additional 63 shares during the last quarter. Walter Public Investments Inc. grew its holdings in shares of Mettler-Toledo International by 3.1% in the third quarter. Walter Public Investments Inc. now owns 10,779 shares of the medical instruments supplier’s stock valued at $16,165,000 after purchasing an additional 326 shares during the period. Bleakley Financial Group LLC increased its position in Mettler-Toledo International by 1.2% during the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,135,000 after purchasing an additional 9 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Mettler-Toledo International by 7.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,233 shares of the medical instruments supplier’s stock worth $3,349,000 after purchasing an additional 162 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,297.83 on Friday. The firm has a market capitalization of $27.38 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The firm’s 50-day moving average is $1,282.98 and its two-hundred day moving average is $1,341.42.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 564.51%. Analysts expect that Mettler-Toledo International Inc. will post 41.94 EPS for the current fiscal year.

Insider Activity

In related news, insider Gerry Keller sold 140 shares of the company’s 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 sale, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTD. Robert W. Baird increased their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday. Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating for the company. Evercore ISI lifted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,368.00.

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.