Mettler-Toledo International Inc. (NYSE:MTD) Stock Holdings Lessened by Stevens Capital Management LP

Stevens Capital Management LP cut its position in Mettler-Toledo International Inc. (NYSE:MTD) by 52.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 269 shares of the medical instruments supplier’s stock after selling 297 shares during the quarter. Stevens Capital Management LP’s holdings in Mettler-Toledo International were worth $326,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTD. MV Capital Management Inc. lifted its position in Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC acquired a new position in Mettler-Toledo International during the 4th quarter valued at about $27,000. MCF Advisors LLC increased its stake in Mettler-Toledo International by 285.7% during the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after buying an additional 20 shares during the period. Allworth Financial LP increased its stake in Mettler-Toledo International by 100.0% during the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock valued at $39,000 after buying an additional 16 shares during the period. Finally, Operose Advisors LLC acquired a new position in Mettler-Toledo International during the 3rd quarter valued at about $43,000. 95.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on MTD. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $5.18 during trading on Friday, hitting $1,238.09. 94,948 shares of the company were exchanged, compared to its average volume of 139,477. The firm has a market capitalization of $26.48 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 3.37 and a beta of 1.15. The business’s 50-day simple moving average is $1,273.39 and its 200 day simple moving average is $1,174.94. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,525.14.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing the consensus estimate of $10.32 by ($0.92). The company had revenue of $934.90 million for the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $12.10 earnings per share. On average, equities analysts forecast that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock worth $1,170,256 over the last ninety days. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International 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.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.