Everence Capital Management Inc. Has $673,000 Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Everence Capital Management Inc. cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 67.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 550 shares of the medical instruments supplier's stock after selling 1,160 shares during the quarter. Everence Capital Management Inc.'s holdings in Mettler-Toledo International were worth $673,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Mettler-Toledo International by 15.7% in the fourth quarter. GAMMA Investing LLC now owns 294 shares of the medical instruments supplier's stock worth $360,000 after purchasing an additional 40 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Mettler-Toledo International by 97.7% in the fourth quarter. Versant Capital Management Inc now owns 85 shares of the medical instruments supplier's stock worth $104,000 after buying an additional 42 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Mettler-Toledo International by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock worth $332,634,000 after acquiring an additional 28,478 shares in the last quarter. DGS Capital Management LLC acquired a new position in shares of Mettler-Toledo International during the 3rd quarter valued at about $237,000. Finally, Retirement Systems of Alabama raised its stake in shares of Mettler-Toledo International by 610.4% in the 3rd quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier's stock valued at $50,183,000 after acquiring an additional 28,752 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Trading Up 1.4 %

MTD traded up $17.50 on Friday, hitting $1,238.28. 106,406 shares of the stock traded hands, compared to its average volume of 104,953. The business has a fifty day moving average price of $1,256.98 and a two-hundred day moving average price of $1,355.33. The firm has a market capitalization of $26.13 billion, a PE ratio of 33.39, a P/E/G ratio of 4.21 and a beta of 1.13. Mettler-Toledo International Inc. has a 52 week low of $1,115.64 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its 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 business had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird decreased their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research report on Monday, November 11th. Evercore ISI raised shares of Mettler-Toledo International from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $1,375.00 to $1,450.00 in a report on Thursday. Stifel Nicolaus lowered 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 research note on Monday, November 11th. Citigroup raised shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International currently has an average rating of "Hold" and an average price target of $1,351.25.

Insider Activity

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company's stock, valued at approximately $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elisha W. Finney sold 76 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the sale, the director now owns 240 shares in the company, valued at $314,820. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

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.