Ownership Capital B.V. Decreases Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Ownership Capital B.V. decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,544 shares of the medical instruments supplier's stock after selling 4,760 shares during the period. Mettler-Toledo International makes up approximately 3.0% of Ownership Capital B.V.'s holdings, making the stock its 16th largest holding. Ownership Capital B.V. owned approximately 0.32% of Mettler-Toledo International worth $82,652,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MTD. Blue Trust Inc. grew its stake in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Mettler-Toledo International during the third quarter valued at approximately $37,000. Sound Income Strategies LLC raised its holdings in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after acquiring an additional 45 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in Mettler-Toledo International by 272.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier's stock worth $61,000 after acquiring an additional 30 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Mettler-Toledo International by 60.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier's stock worth $72,000 after acquiring an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTD. Wells Fargo & Company boosted 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 note on Monday, February 10th. Robert W. Baird boosted their target price on shares of 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. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating for the company. Stifel Nicolaus decreased their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Finally, Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,368.00.

Insider Buying and Selling

In related news, insider Gerry Keller sold 140 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now owns 6 shares of the company's stock, valued at approximately $7,524.54. This represents a 95.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded down $17.47 during mid-day trading on Friday, reaching $1,285.67. 129,000 shares of the company's stock traded hands, compared to its average volume of 137,579. The firm has a market capitalization of $26.90 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The firm has a 50 day moving average price of $1,285.38 and a two-hundred day moving average price of $1,334.09. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping 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 expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal 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.