Cwm LLC Has $862,000 Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Posted by Defense World Staff on Jul 24th, 2023

Cwm LLC grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 563 shares of the medical instruments supplier’s stock after purchasing an additional 19 shares during the quarter. Cwm LLC’s holdings in Mettler-Toledo International were worth $862,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Mettler-Toledo International by 43.8% during the 4th quarter. Allworth Financial LP now owns 23 shares of the medical instruments supplier’s stock valued at $33,000 after buying an additional 7 shares during the last quarter. Albion Financial Group UT raised its stake in shares of Mettler-Toledo International by 1.3% during the 1st quarter. Albion Financial Group UT now owns 558 shares of the medical instruments supplier’s stock valued at $854,000 after purchasing an additional 7 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Mettler-Toledo International by 2.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 327 shares of the medical instruments supplier’s stock valued at $500,000 after purchasing an additional 7 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Mettler-Toledo International by 1.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the medical instruments supplier’s stock valued at $472,000 after purchasing an additional 8 shares during the period. Finally, Connable Office Inc. raised its stake in shares of Mettler-Toledo International by 1.3% during the 4th quarter. Connable Office Inc. now owns 601 shares of the medical instruments supplier’s stock valued at $869,000 after purchasing an additional 8 shares during the period. 92.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 880 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $1,360.61, for a total transaction of $1,197,336.80. Following the completion of the sale, the chief financial officer now directly owns 4,900 shares in the company, valued at approximately $6,666,989. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mettler-Toledo International news, insider Ann Ping Richard Wong sold 1,363 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $1,395.27, for a total value of $1,901,753.01. Following the completion of the sale, the insider now owns 380 shares in the company, valued at approximately $530,202.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Shawn Vadala sold 880 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $1,360.61, for a total value of $1,197,336.80. Following the completion of the sale, the chief financial officer now owns 4,900 shares of the company’s stock, valued at approximately $6,666,989. The disclosure for this sale can be found here. Insiders sold 3,417 shares of company stock worth $4,731,561 in the last ninety days. 2.40% of the stock is owned by company insiders.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,361.86 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.86 and a debt-to-equity ratio of 76.98. The firm has a market capitalization of $29.99 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15. The business’s 50-day moving average price is $1,323.23 and its 200-day moving average price is $1,439.14. Mettler-Toledo International Inc. has a 12 month low of $1,065.55 and a 12 month high of $1,615.97.

Mettler-Toledo International (NYSE:MTD – Get Free Report) last announced its quarterly earnings data on Thursday, May 4th. The medical instruments supplier reported $8.69 EPS for the quarter, beating the consensus estimate of $8.61 by $0.08. The firm had revenue of $928.70 million for the quarter, compared to analyst estimates of $921.19 million. Mettler-Toledo International had a negative return on equity of 4,833.51% and a net margin of 22.45%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $7.87 EPS. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 43.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Mettler-Toledo International from $1,675.00 to $1,660.00 in a research note on Monday, May 8th. StockNews.com began coverage on Mettler-Toledo International in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Robert W. Baird decreased their target price on Mettler-Toledo International from $1,513.00 to $1,454.00 in a research note on Monday, May 8th. 51job restated a “maintains” rating on shares of Mettler-Toledo International in a research note on Monday, May 8th. Finally, Bank of America decreased their target price on Mettler-Toledo International from $1,650.00 to $1,525.00 in a research note on Sunday, May 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,502.71.

Mettler-Toledo International Company Profile

(Free Report)

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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.