Venturi Wealth Management LLC Has $133,000 Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Venturi Wealth Management LLC lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 71.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109 shares of the medical instruments supplier’s stock after selling 275 shares during the quarter. Venturi Wealth Management LLC’s holdings in Mettler-Toledo International were worth $133,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MTD. Huntington National Bank grew its position in shares of Mettler-Toledo International by 20.0% in the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock valued at $81,000 after purchasing an additional 9 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Mettler-Toledo International by 2.0% in the third quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock valued at $693,000 after purchasing an additional 9 shares during the last quarter. M3 Advisory Group LLC grew its position in shares of Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock valued at $202,000 after purchasing an additional 9 shares during the last quarter. Apollon Wealth Management LLC grew its position in Mettler-Toledo International by 2.5% during the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock worth $451,000 after buying an additional 9 shares in the last quarter. Finally, HM Payson & Co. grew its position in Mettler-Toledo International by 2.1% during the third quarter. HM Payson & Co. now owns 541 shares of the medical instruments supplier’s stock worth $811,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity

In other news, insider Gerry Keller sold 140 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. This represents a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MTD has been the topic of a number of analyst reports. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 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 research report on Monday, February 10th. 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 research report on Monday, February 10th. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1,368.00.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,285.67 on Friday. The business has a fifty day moving average price of $1,285.56 and a two-hundred day moving average price of $1,333.50. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93. The stock has a market capitalization of $26.90 billion, a PE ratio of 31.72, a PEG ratio of 3.30 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released 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 negative return on equity of 591.54% and a net margin of 22.29%. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

About Mettler-Toledo International

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.