Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 56.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,190 shares of the medical instruments supplier's stock after selling 100,773 shares during the period. Wellington Management Group LLP owned about 0.37% of Mettler-Toledo International worth $94,456,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MTD. Farther Finance Advisors LLC increased its stake in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after purchasing an additional 8 shares in the last quarter. M3 Advisory Group LLC grew its holdings 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 valued at $202,000 after purchasing an additional 9 shares during the period. Apollon Wealth Management LLC increased its position in shares of 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 valued at $451,000 after buying an additional 9 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Mettler-Toledo International by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock worth $374,000 after buying an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Mettler-Toledo International by 0.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier's stock valued at $2,549,000 after buying an additional 10 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts recently commented on MTD shares. Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating for the company. Robert W. Baird boosted their target price on shares of 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. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a research note on Monday. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company increased their target price 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus price target of $1,380.50.

Mettler-Toledo International Trading Down 0.1 %

Mettler-Toledo International stock traded down $1.34 during mid-day trading on Tuesday, hitting $1,030.82. The company's stock had a trading volume of 48,040 shares, compared to its average volume of 145,854. The stock's fifty day moving average is $1,257.88 and its two-hundred day moving average is $1,290.80. The firm has a market capitalization of $21.48 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 1 year low of $961.83 and a 1 year high of $1,546.93.

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

Insiders Place Their Bets

In other news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now directly owns 6 shares in the company, valued at approximately $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 can be accessed through this link. Also, insider Christian Magloth sold 790 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

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.