Peak Financial Advisors LLC Sells 1,221 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Peak Financial Advisors LLC lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 58.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 859 shares of the medical instruments supplier's stock after selling 1,221 shares during the quarter. Peak Financial Advisors LLC's holdings in Mettler-Toledo International were worth $1,051,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MTD. Quest Partners LLC grew its position in Mettler-Toledo International by 1,650.0% in the 2nd quarter. Quest Partners LLC now owns 105 shares of the medical instruments supplier's stock worth $147,000 after purchasing an additional 99 shares during the period. Federated Hermes Inc. grew its holdings in shares of Mettler-Toledo International by 10.3% in the second quarter. Federated Hermes Inc. now owns 7,667 shares of the medical instruments supplier's stock worth $10,715,000 after acquiring an additional 717 shares during the period. Dai ichi Life Insurance Company Ltd increased its position in Mettler-Toledo International by 10.3% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 655 shares of the medical instruments supplier's stock valued at $915,000 after acquiring an additional 61 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Mettler-Toledo International by 12.9% in the second quarter. Parallel Advisors LLC now owns 192 shares of the medical instruments supplier's stock valued at $268,000 after acquiring an additional 22 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Mettler-Toledo International by 32.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier's stock valued at $199,777,000 after acquiring an additional 35,048 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD traded up $7.62 during trading on Wednesday, hitting $1,278.98. 167,075 shares of the company's stock were exchanged, compared to its average volume of 119,765. The business's 50-day simple moving average is $1,246.46 and its 200 day simple moving average is $1,345.43. The company has a market cap of $26.99 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 4.21 and a beta of 1.12. Mettler-Toledo International Inc. has a 52-week low of $1,133.46 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million for the quarter, compared to analysts' expectations of $941.93 million. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Insider Activity

In related news, insider Gerry Keller sold 140 shares of the firm'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 directly owns 6 shares of the company's stock, valued at approximately $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now directly owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MTD. Citigroup raised shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their price target for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Evercore ISI upgraded shares of Mettler-Toledo International from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. Stifel Nicolaus reduced their price objective on 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, Robert W. Baird lowered their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1,351.25.

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.