Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Martin Currie Ltd.

Martin Currie Ltd. cut its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,812 shares of the medical instruments supplier's stock after selling 9,512 shares during the quarter. Mettler-Toledo International comprises approximately 2.5% of Martin Currie Ltd.'s holdings, making the stock its 14th largest holding. Martin Currie Ltd. owned approximately 0.26% of Mettler-Toledo International worth $68,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Mettler-Toledo International by 14.3% during the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after purchasing an additional 8 shares in the last quarter. Townsquare Capital LLC boosted its holdings in shares of Mettler-Toledo International by 2.0% in the 3rd quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier's stock valued at $693,000 after buying an additional 9 shares in the last quarter. M3 Advisory Group LLC grew its position in shares of 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 buying an additional 9 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Mettler-Toledo International by 2.5% during 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. Finally, Steward Partners Investment Advisory LLC lifted its position in Mettler-Toledo International by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock valued at $374,000 after acquiring an additional 9 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Mettler-Toledo International Stock Down 5.8 %

MTD traded down $68.35 during trading on Thursday, reaching $1,104.15. The company's stock had a trading volume of 82,182 shares, compared to its average volume of 131,689. The company has a market cap of $23.01 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.30 and a beta of 1.15. The firm has a fifty day simple moving average of $1,275.14 and a two-hundred day simple moving average of $1,299.07. Mettler-Toledo International Inc. has a 1 year low of $1,091.70 and a 1 year high of $1,546.93.

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 EPS 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 591.54%. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction dated 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 owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christian Magloth sold 790 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % 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 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.