Tiemann Investment Advisors LLC Has $188,000 Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Tiemann Investment Advisors LLC decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154 shares of the medical instruments supplier’s stock after selling 29 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Mettler-Toledo International were worth $188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. grew its holdings in Mettler-Toledo International by 10.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,205 shares of the medical instruments supplier’s stock worth $6,370,000 after acquiring an additional 472 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mettler-Toledo International by 1.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,078 shares of the medical instruments supplier’s stock worth $7,438,000 after purchasing an additional 89 shares during the period. AlphaQuest LLC increased its holdings in Mettler-Toledo International by 1.9% in the fourth quarter. AlphaQuest LLC now owns 1,047 shares of the medical instruments supplier’s stock valued at $1,281,000 after purchasing an additional 20 shares during the last quarter. OFI Invest Asset Management bought a new stake in Mettler-Toledo International in the fourth quarter valued at about $727,000. Finally, Atlantic Union Bankshares Corp lifted its stake in Mettler-Toledo International by 0.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock valued at $2,549,000 after buying an additional 10 shares during the period. 95.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MTD. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Stifel Nicolaus reduced their target price on 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. Evercore ISI increased their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Citigroup lowered their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,380.50.

Mettler-Toledo International Trading Up 1.6 %

Shares of MTD stock opened at $1,292.69 on Monday. The firm’s fifty day moving average price is $1,293.77 and its two-hundred day moving average price is $1,323.34. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The firm has a market capitalization of $27.04 billion, a P/E ratio of 31.89, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

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.