Kestra Private Wealth Services LLC Sells 431 Shares of Mettler-Toledo International, Inc. $MTD

Kestra Private Wealth Services LLC lowered its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 52.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 396 shares of the medical instruments supplier’s stock after selling 431 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Mettler-Toledo International were worth $552,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its holdings in Mettler-Toledo International by 2.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 458 shares of the medical instruments supplier’s stock valued at $639,000 after acquiring an additional 9 shares during the last quarter. Solidarity Wealth LLC raised its stake in shares of Mettler-Toledo International by 6.9% during the fourth quarter. Solidarity Wealth LLC now owns 5,615 shares of the medical instruments supplier’s stock worth $7,828,000 after buying an additional 361 shares during the last quarter. Quent Long Short Global Small Cap Fund LP acquired a new position in Mettler-Toledo International in the fourth quarter valued at approximately $282,000. Turtle Creek Wealth Advisors LLC bought a new position in Mettler-Toledo International in the fourth quarter valued at approximately $250,000. Finally, B. Metzler seel. Sohn & Co. AG grew its holdings in Mettler-Toledo International by 6.0% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 2,076 shares of the medical instruments supplier’s stock worth $2,897,000 after acquiring an additional 117 shares during the period. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MTD. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Barclays dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Morgan Stanley reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating for the company in a report on Tuesday, February 10th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,459.58.

Insider Activity

In other news, CFO Shawn Vadala sold 800 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the sale, the chief financial officer owned 5,288 shares in the company, valued at $7,456,714.56. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,261.36 on Tuesday. Mettler-Toledo International, Inc. has a 52-week low of $1,052.05 and a 52-week high of $1,525.17. The firm has a market capitalization of $25.54 billion, a PE ratio of 29.95, a PEG ratio of 2.66 and a beta of 1.31. The stock has a fifty day simple moving average of $1,280.49 and a two-hundred day simple moving average of $1,368.11.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share for the quarter, beating the consensus estimate of $12.76 by $0.60. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company posted $12.41 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Mettler-Toledo International, Inc. will post 46.51 EPS for the current fiscal year.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.