American Century Companies Inc. Decreases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

American Century Companies Inc. lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,696 shares of the medical instruments supplier's stock after selling 3,543 shares during the period. American Century Companies Inc. owned about 0.39% of Mettler-Toledo International worth $99,970,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in shares of Mettler-Toledo International by 3.1% during the third quarter. Advisors Asset Management Inc. now owns 1,278 shares of the medical instruments supplier's stock valued at $1,917,000 after purchasing an additional 39 shares during the period. Meridian Wealth Management LLC bought a new position in Mettler-Toledo International in the 3rd quarter worth about $669,000. Cerity Partners LLC increased its position in shares of Mettler-Toledo International by 43.1% during the third quarter. Cerity Partners LLC now owns 3,218 shares of the medical instruments supplier's stock worth $4,826,000 after acquiring an additional 970 shares during the period. Algert Global LLC bought a new stake in shares of Mettler-Toledo International during the third quarter valued at approximately $4,807,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Mettler-Toledo International by 10.9% in the third quarter. Larson Financial Group LLC now owns 286 shares of the medical instruments supplier's stock valued at $429,000 after purchasing an additional 28 shares during the period. Institutional investors own 95.07% of the company's stock.

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Mettler-Toledo International Stock Down 1.4 %

Shares of MTD traded down $17.29 during mid-day trading on Friday, hitting $1,176.04. 117,497 shares of the company traded hands, compared to its average volume of 131,530. Mettler-Toledo International Inc. has a 1-year low of $1,142.91 and a 1-year high of $1,546.93. The company has a market capitalization of $24.51 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. The business has a 50 day moving average of $1,286.23 and a 200 day moving average of $1,305.58.

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, topping analysts' consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

MTD has been the subject of a number of research analyst reports. Citigroup decreased their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Evercore ISI upped their price objective on shares of 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. Wells Fargo & Company raised their target price 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. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating on the stock. Finally, Robert W. Baird raised their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $1,380.50.

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.