Axxcess Wealth Management LLC Increases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Axxcess Wealth Management LLC boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 815 shares of the medical instruments supplier’s stock after buying an additional 21 shares during the period. Axxcess Wealth Management LLC’s holdings in Mettler-Toledo International were worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gateway Investment Advisers LLC purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $685,000. Swedbank AB acquired a new stake in Mettler-Toledo International during the 1st quarter worth about $26,867,000. SG Americas Securities LLC raised its stake in shares of Mettler-Toledo International by 501.6% during the 1st quarter. SG Americas Securities LLC now owns 2,954 shares of the medical instruments supplier’s stock valued at $3,933,000 after buying an additional 2,463 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Mettler-Toledo International by 14.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock valued at $1,860,000 after buying an additional 152 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Mettler-Toledo International by 212.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier’s stock worth $1,828,000 after buying an additional 889 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,250.07 on Tuesday. The stock has a market capitalization of $26.53 billion, a P/E ratio of 34.44, a PEG ratio of 3.83 and a beta of 1.16. The business has a 50 day simple moving average of $1,398.01 and a two-hundred day simple moving average of $1,402.52. Mettler-Toledo International Inc. has a 12 month low of $1,015.29 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 532.25% and a net margin of 21.15%. The company had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 40.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stifel Nicolaus decreased their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. Finally, Robert W. Baird cut their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,338.75.

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.