Congress Asset Management Co. Sells 695 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Congress Asset Management Co. decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 51.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 655 shares of the medical instruments supplier's stock after selling 695 shares during the period. Congress Asset Management Co.'s holdings in Mettler-Toledo International were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. raised its stake in Mettler-Toledo International by 2.4% during the 4th quarter. PineStone Asset Management Inc. now owns 169,420 shares of the medical instruments supplier's stock worth $207,316,000 after acquiring an additional 3,914 shares during the period. Rhumbline Advisers raised its stake in Mettler-Toledo International by 4.9% during the 4th quarter. Rhumbline Advisers now owns 59,436 shares of the medical instruments supplier's stock worth $72,731,000 after acquiring an additional 2,780 shares during the period. AustralianSuper Pty Ltd raised its position in shares of Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier's stock valued at $87,705,000 after buying an additional 69,490 shares during the last quarter. Campbell Wealth Management bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $608,000. Finally, V Square Quantitative Management LLC raised its position in shares of Mettler-Toledo International by 3.4% during the fourth quarter. V Square Quantitative Management LLC now owns 522 shares of the medical instruments supplier's stock valued at $639,000 after buying an additional 17 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 1.3 %

MTD traded down $17.47 during trading hours on Friday, hitting $1,285.67. The company's stock had a trading volume of 129,000 shares, compared to its average volume of 137,579. The business's 50-day moving average price is $1,285.38 and its 200-day moving average price is $1,334.09. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. On average, analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MTD shares. Stifel Nicolaus reduced their price objective on shares of 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. Wells Fargo & Company lifted their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Evercore ISI lifted their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1,368.00.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 600 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.94% of the stock is owned by insiders.

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.