Legacy Private Trust Co. decreased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,145 shares of the medical instruments supplier’s stock after selling 306 shares during the quarter. Legacy Private Trust Co.’s holdings in Mettler-Toledo International were worth $5,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTD. Ropes Wealth Advisors LLC increased its holdings in Mettler-Toledo International by 170.6% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 46 shares of the medical instruments supplier’s stock worth $32,000 after purchasing an additional 29 shares during the period. CSat Investment Advisory L.P. boosted its position in shares of Mettler-Toledo International by 136.0% during the 2nd quarter. CSat Investment Advisory L.P. now owns 59 shares of the medical instruments supplier’s stock worth $50,000 after acquiring an additional 34 shares in the last quarter. Allred Capital Management LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth about $72,000. CWM LLC boosted its position in shares of Mettler-Toledo International by 20.7% during the 3rd quarter. CWM LLC now owns 111 shares of the medical instruments supplier’s stock worth $78,000 after acquiring an additional 19 shares in the last quarter. Finally, Permanens Capital L.P. boosted its position in shares of Mettler-Toledo International by 20.0% during the 3rd quarter. Permanens Capital L.P. now owns 120 shares of the medical instruments supplier’s stock worth $85,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 95.84% of the company’s stock.

A number of analysts recently issued reports on MTD shares. Bank of America cut Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research report on Friday, January 3rd. Barclays decreased their target price on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating for the company in a research report on Wednesday, October 9th. UBS Group decreased their target price on Mettler-Toledo International from $680.00 to $670.00 and set a “sell” rating for the company in a research report on Friday, November 8th. Wells Fargo & Co started coverage on Mettler-Toledo International in a research report on Tuesday, January 7th. They issued an “equal weight” rating and a $815.00 target price for the company. Finally, Zacks Investment Research cut Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $845.00 target price for the company. in a research report on Friday, January 3rd. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $754.29.

In other Mettler-Toledo International news, insider Michael Heidingsfelder sold 4,415 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $710.82, for a total transaction of $3,138,270.30. Following the completion of the sale, the insider now directly owns 800 shares of the company’s stock, valued at approximately $568,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Oliver A. Filliol sold 17,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $722.71, for a total value of $12,286,070.00. Following the sale, the chief executive officer now directly owns 33,279 shares of the company’s stock, valued at $24,051,066.09. The disclosure for this sale can be found here. Insiders have sold a total of 32,799 shares of company stock valued at $23,772,284 over the last ninety days. 3.50% of the stock is owned by insiders.

Mettler-Toledo International stock traded up $8.06 during mid-day trading on Tuesday, reaching $830.63. 152,161 shares of the company were exchanged, compared to its average volume of 152,829. Mettler-Toledo International Inc. has a twelve month low of $572.71 and a twelve month high of $873.51. The firm’s 50-day simple moving average is $773.28 and its two-hundred day simple moving average is $736.69. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.95 and a current ratio of 1.34. The firm has a market cap of $20.25 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.36.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $5.77 earnings per share for the quarter, topping analysts’ consensus estimates of $5.71 by $0.06. Mettler-Toledo International had a return on equity of 105.34% and a net margin of 18.42%. The company had revenue of $753.90 million during the quarter, compared to analysts’ expectations of $751.34 million. During the same period last year, the firm earned $5.12 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Mettler-Toledo International Inc. will post 22.68 EPS for the current year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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