Vontobel Holding Ltd. Has $7.82 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Vontobel Holding Ltd. lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 21.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,387 shares of the medical instruments supplier's stock after selling 1,731 shares during the quarter. Vontobel Holding Ltd.'s holdings in Mettler-Toledo International were worth $7,816,000 as of its most recent SEC filing.

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

Mettler-Toledo International Stock Up 2.5 %

Shares of NYSE MTD traded up $32.04 during mid-day trading on Wednesday, hitting $1,305.22. 151,415 shares of the company traded hands, compared to its average volume of 137,467. The stock has a market capitalization of $27.31 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.22 and a beta of 1.13. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The business has a 50 day moving average of $1,284.19 and a two-hundred day moving average of $1,334.52.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating 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, research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 6 shares of the company's stock, valued at $8,108.04. This represents a 99.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTD. Stifel Nicolaus cut 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 report on Monday, November 11th. Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Wolfe Research began coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating for the company. Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Finally, Wells Fargo & Company upped 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 report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,368.00.

About Mettler-Toledo International

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.