Mariner LLC Sells 418 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Mariner LLC reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,909 shares of the medical instruments supplier's stock after selling 418 shares during the quarter. Mariner LLC's holdings in Mettler-Toledo International were worth $10,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International in the 4th quarter worth about $44,000. Blue Trust Inc. lifted its stake in shares of Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after purchasing an additional 17 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $54,000. Finally, Sound Income Strategies LLC increased its holdings in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 7.5 %

MTD stock traded up $75.15 during midday trading on Wednesday, hitting $1,078.31. The company's stock had a trading volume of 163,357 shares, compared to its average volume of 141,407. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 3.30 and a beta of 1.28. The stock's 50-day moving average price is $1,172.72 and its 200 day moving average price is $1,253.42. Mettler-Toledo International Inc. has a 1 year low of $946.69 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 earnings per share 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, equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 790 shares of the business's 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 transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Evercore ISI upped their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Robert W. Baird reduced their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1,304.25.

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.