Sei Investments Co. Lowers Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Sei Investments Co. decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,902 shares of the medical instruments supplier's stock after selling 258 shares during the period. Sei Investments Co. owned 0.10% of Mettler-Toledo International worth $26,798,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Proficio Capital Partners LLC purchased a new position in Mettler-Toledo International during the fourth quarter valued at approximately $163,216,000. Seilern Investment Management Ltd purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at $89,221,000. AustralianSuper Pty Ltd increased its holdings in shares of Mettler-Toledo International by 3,183.2% in the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier's stock valued at $87,705,000 after acquiring an additional 69,490 shares during the period. Canoe Financial LP raised its position in shares of Mettler-Toledo International by 576.5% in the 4th quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier's stock worth $67,936,000 after acquiring an additional 47,311 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in Mettler-Toledo International by 4,357.4% during the fourth quarter. Wealthfront Advisers LLC now owns 35,258 shares of the medical instruments supplier's stock valued at $43,145,000 after purchasing an additional 34,467 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

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Wall Street Analyst Weigh In

MTD has been the subject of a number of recent research reports. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Robert W. Baird increased 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 report on Monday, February 10th. Citigroup cut their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company upped their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Finally, Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and an average target price of $1,380.50.

Mettler-Toledo International Stock Performance

NYSE MTD traded down $17.29 during trading hours on Friday, reaching $1,176.04. The stock had a trading volume of 117,497 shares, compared to its average volume of 131,530. Mettler-Toledo International Inc. has a 52-week low of $1,142.91 and a 52-week high of $1,546.93. The stock has a fifty day moving average of $1,283.84 and a 200 day moving average of $1,303.51. The stock has a market cap of $24.51 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares of the company's stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International 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 transaction, the insider now directly owns 734 shares of the company's stock, valued at approximately $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. Company insiders own 1.94% of the company's stock.

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.