Mn Services Vermogensbeheer B.V. Cuts Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Mn Services Vermogensbeheer B.V. reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 4.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,048 shares of the medical instruments supplier’s stock after selling 400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Mettler-Toledo International were worth $9,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. grew its stake in shares of Mettler-Toledo International by 9.9% in the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier’s stock worth $713,627,000 after acquiring an additional 52,726 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mettler-Toledo International by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier’s stock worth $682,340,000 after purchasing an additional 11,032 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Mettler-Toledo International by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 455,739 shares of the medical instruments supplier’s stock worth $557,680,000 after purchasing an additional 25,873 shares in the last quarter. GAMMA Investing LLC increased its stake in Mettler-Toledo International by 131,246.3% in the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier’s stock valued at $456,018,000 after buying an additional 385,864 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Mettler-Toledo International by 36.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier’s stock worth $444,327,000 after buying an additional 96,300 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the transaction, the director now directly owns 120 shares in the company, valued at approximately $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,182.91 on Tuesday. The stock has a market capitalization of $24.58 billion, a P/E ratio of 29.19, a P/E/G ratio of 3.30 and a beta of 1.38. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The stock’s 50-day simple moving average is $1,109.82 and its 200 day simple moving average is $1,203.21.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.90 by $0.29. The company had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.89 earnings per share. Equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective for the company in a research note on Monday, April 7th. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and lowered their target price for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Finally, Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,302.11.

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.