Conestoga Capital Advisors LLC Purchases 31 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Conestoga Capital Advisors LLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 343 shares of the medical instruments supplier’s stock after purchasing an additional 31 shares during the period. Conestoga Capital Advisors LLC’s holdings in Mettler-Toledo International were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MTD. DT Investment Partners LLC raised its position in shares of Mettler-Toledo International by 13.3% in the third quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock valued at $102,000 after buying an additional 8 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Mettler-Toledo International by 8.0% during the 3rd quarter. UMB Bank n.a. now owns 122 shares of the medical instruments supplier’s stock worth $183,000 after purchasing an additional 9 shares in the last quarter. Suncoast Equity Management grew its holdings in shares of Mettler-Toledo International by 2.0% during the 3rd quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier’s stock worth $690,000 after purchasing an additional 9 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Mettler-Toledo International by 1.2% in 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 period. Finally, Huntington National Bank raised its stake in 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 in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Down 1.6 %

NYSE MTD opened at $1,342.36 on Monday. The company has a market cap of $28.32 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 4.83 and a beta of 1.13. Mettler-Toledo International Inc. has a twelve month low of $1,133.46 and a twelve month high of $1,546.93. The business’s fifty day moving average is $1,267.00 and its 200 day moving average is $1,343.14.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the transaction, the director now directly owns 240 shares in the company, valued at $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $175,572.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of 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. Citigroup upgraded shares of 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. Wells Fargo & Company lowered their price objective 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 report on Monday, November 11th. Robert W. Baird reduced their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Finally, Wolfe Research initiated coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,351.25.

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.