Corient Private Wealth LLC Cuts Position in Mettler-Toledo International Inc. (NYSE:MTD)

Corient Private Wealth LLC trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,715 shares of the medical instruments supplier's stock after selling 3,152 shares during the quarter. Corient Private Wealth LLC owned approximately 0.35% of Mettler-Toledo International worth $91,429,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after acquiring an additional 8 shares in the last quarter. Huntington National Bank increased its holdings in Mettler-Toledo International by 20.0% in the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier's stock worth $81,000 after acquiring an additional 9 shares in the last quarter. Townsquare Capital LLC increased its holdings in Mettler-Toledo International by 2.0% in the 3rd quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier's stock worth $693,000 after acquiring an additional 9 shares in the last quarter. M3 Advisory Group LLC increased its holdings in Mettler-Toledo International by 5.8% in the 4th quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock worth $202,000 after acquiring an additional 9 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in Mettler-Toledo International by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock worth $451,000 after acquiring an additional 9 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

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Mettler-Toledo International Trading Down 1.6 %

NYSE MTD traded down $20.11 during trading hours on Thursday, reaching $1,200.33. The company had a trading volume of 120,915 shares, compared to its average volume of 127,128. The stock has a 50-day moving average of $1,293.93 and a 200 day moving average of $1,313.29. Mettler-Toledo International Inc. has a 1-year low of $1,142.91 and a 1-year high of $1,546.93. The stock has a market capitalization of $25.11 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company's stock, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MTD shares. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a "peer perform" rating for the company. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Citigroup dropped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, Wells Fargo & Company upped their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1,380.50.

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.