Vinva Investment Management Ltd Lowers Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Vinva Investment Management Ltd lowered its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,705 shares of the medical instruments supplier's stock after selling 659 shares during the period. Vinva Investment Management Ltd's holdings in Mettler-Toledo International were worth $2,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MTD. Proficio Capital Partners LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $163,216,000. Seilern Investment Management Ltd purchased a new stake in Mettler-Toledo International during the fourth quarter worth $89,221,000. AustralianSuper Pty Ltd grew its position in Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier's stock valued at $87,705,000 after buying an additional 69,490 shares during the period. Canoe Financial LP increased its stake 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 valued at $67,936,000 after purchasing an additional 47,311 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of Mettler-Toledo International by 4,357.4% in the fourth quarter. Wealthfront Advisers LLC now owns 35,258 shares of the medical instruments supplier's stock valued at $43,145,000 after buying an additional 34,467 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

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Mettler-Toledo International Stock Up 1.0 %

NYSE MTD traded up $12.50 during mid-day trading on Monday, hitting $1,211.71. The stock had a trading volume of 121,602 shares, compared to its average volume of 127,553. Mettler-Toledo International Inc. has a 52-week low of $1,142.91 and a 52-week high of $1,546.93. The company has a 50 day simple moving average of $1,291.57 and a 200 day simple moving average of $1,308.45. The company has a market cap of $25.25 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly 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 negative return on equity of 591.54% and a net margin of 22.29%. As a group, equities analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the company's 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 directly 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 SEC, which can be accessed through the SEC website. Also, insider Christian Magloth sold 790 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value 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. The trade was a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MTD shares. Citigroup cut 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. Evercore ISI increased their price target 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. Robert W. Baird raised their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company raised their price objective 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. One investment 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $1,380.50.

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.