Fiera Capital Corp Trims Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Fiera Capital Corp reduced its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,865 shares of the medical instruments supplier's stock after selling 15,111 shares during the period. Mettler-Toledo International accounts for about 1.3% of Fiera Capital Corp's investment portfolio, making the stock its 21st biggest position. Fiera Capital Corp owned about 1.66% of Mettler-Toledo International worth $428,123,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Mettler-Toledo International by 1.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,255 shares of the medical instruments supplier's stock worth $1,532,000 after buying an additional 15 shares in the last quarter. Certuity LLC purchased a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $202,000. Savant Capital LLC raised its position in Mettler-Toledo International by 22.2% during the fourth quarter. Savant Capital LLC now owns 341 shares of the medical instruments supplier's stock valued at $417,000 after purchasing an additional 62 shares during the period. Kestra Private Wealth Services LLC raised its position in Mettler-Toledo International by 251.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 777 shares of the medical instruments supplier's stock valued at $951,000 after purchasing an additional 556 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $1,531,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction 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 transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTD. Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating on the stock. Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Wells Fargo & Company upped their price objective on 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. Robert W. Baird upped their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Evercore ISI raised their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. One investment 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. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $1,368.00.

Mettler-Toledo International Stock Performance

MTD traded down $23.70 during trading on Friday, hitting $1,273.44. The stock had a trading volume of 121,069 shares, compared to its average volume of 114,468. The company has a market capitalization of $26.87 billion, a PE ratio of 31.42, a PEG ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The stock has a 50 day simple moving average of $1,284.29 and a two-hundred day simple moving average of $1,338.69.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating 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 564.51%. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

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.