Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP reduced its position in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 30.0% during the fourth quarter, HoldingsChannel reports. The firm owned 3,448 shares of the medical instruments supplier’s stock after selling 1,478 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Mettler-Toledo International were worth $4,182,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Caprock Group LLC lifted its position in shares of Mettler-Toledo International by 450.2% during the fourth quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock worth $2,102,000 after purchasing an additional 1,418 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Mettler-Toledo International during the fourth quarter worth $1,419,000. Charles Schwab Investment Management Inc. lifted its position in shares of Mettler-Toledo International by 9.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 144,015 shares of the medical instruments supplier’s stock worth $174,684,000 after purchasing an additional 12,249 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Mettler-Toledo International during the fourth quarter worth $1,654,000. Finally, International Assets Investment Management LLC increased its stake in shares of Mettler-Toledo International by 109,458.1% in the fourth quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after buying an additional 67,864 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the completion of the transaction, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $7,510,705.02. The disclosure for this sale can be found here. Insiders sold a total of 3,678 shares of company stock worth $5,383,341 over the last 90 days. Insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Stifel Nicolaus lifted their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Citigroup lifted their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,257.14.

Read Our Latest Stock Report on Mettler-Toledo International

Mettler-Toledo International Stock Up 0.0 %

MTD stock traded up $0.23 during trading on Friday, hitting $1,479.53. 103,322 shares of the company’s stock traded hands, compared to its average volume of 155,114. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,535.86. The stock has a fifty day moving average price of $1,326.68 and a two-hundred day moving average price of $1,229.29. The stock has a market capitalization of $31.60 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 3.97 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTDGet Free Report) last released its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, beating the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The firm had revenue of $925.95 million during the quarter, compared to analyst estimates of $879.72 million. During the same quarter in the previous year, the firm earned $8.69 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 40.12 EPS for the current fiscal year.

Mettler-Toledo International Profile

(Free Report)

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.

Further Reading

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTDFree Report).

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

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