Vestcor Inc Sells 383 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Vestcor Inc lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,042 shares of the medical instruments supplier's stock after selling 383 shares during the quarter. Vestcor Inc's holdings in Mettler-Toledo International were worth $1,275,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MTD. Farther Finance Advisors LLC boosted its stake in Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after buying an additional 8 shares in the last quarter. Huntington National Bank boosted its stake in Mettler-Toledo International by 20.0% in the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier's stock worth $81,000 after buying an additional 9 shares in the last quarter. Townsquare Capital LLC boosted its stake in Mettler-Toledo International by 2.0% in the third quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier's stock worth $693,000 after buying an additional 9 shares in the last quarter. M3 Advisory Group LLC boosted its stake in Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock worth $202,000 after buying an additional 9 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock worth $451,000 after buying an additional 9 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

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Insider Buying and Selling

In other Mettler-Toledo International 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christian Magloth sold 790 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now owns 734 shares of the company's stock, valued at $964,248.46. The trade was 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 currently owned by insiders.

Mettler-Toledo International Stock Performance

MTD stock traded down $21.74 on Wednesday, reaching $1,220.99. The company's stock had a trading volume of 113,907 shares, compared to its average volume of 138,423. The business has a fifty day simple moving average of $1,294.42 and a two-hundred day simple moving average of $1,313.94. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93. The firm has a market cap of $25.54 billion, a PE ratio of 30.13, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced 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 anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTD. Robert W. Baird upped their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Wells Fargo & Company increased their price objective on 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. Citigroup dropped their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating for the company. Finally, Evercore ISI increased their price objective on 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.