Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. reduced its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 103,507 shares of the medical instruments supplier’s stock after selling 26,258 shares during the quarter. Mettler-Toledo International comprises approximately 2.8% of Ownership Capital B.V.’s investment portfolio, making the stock its 17th biggest holding. Ownership Capital B.V.’s holdings in Mettler-Toledo International were worth $125,550,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC increased its stake in Mettler-Toledo International by 450.2% in the fourth quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock valued at $2,102,000 after purchasing an additional 1,418 shares during the last quarter. Oak Thistle LLC acquired a new position in Mettler-Toledo International in the fourth quarter valued at $1,419,000. TD Asset Management Inc increased its stake in Mettler-Toledo International by 2.9% in the third quarter. TD Asset Management Inc now owns 41,643 shares of the medical instruments supplier’s stock valued at $46,143,000 after purchasing an additional 1,180 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in Mettler-Toledo International by 7.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 1,247 shares of the medical instruments supplier’s stock valued at $1,513,000 after purchasing an additional 83 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Mettler-Toledo International in the third quarter valued at $3,743,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on MTD shares. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Evercore ISI upped their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Insider Activity

In other news, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Trading Up 0.4 %

NYSE:MTD traded up $5.18 on Friday, hitting $1,238.09. 94,952 shares of the stock were exchanged, compared to its average volume of 107,112. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,525.14. The stock has a market cap of $26.48 billion, a PE ratio of 34.50, a PEG ratio of 3.37 and a beta of 1.15. The stock has a fifty day moving average of $1,274.38 and a 200-day moving average of $1,175.98.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. During the same quarter last year, the business posted $12.10 EPS. Mettler-Toledo International’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, analysts predict that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.