Amalgamated Bank Decreases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Amalgamated Bank lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,389 shares of the medical instruments supplier’s stock after selling 496 shares during the quarter. Amalgamated Bank’s holdings in Mettler-Toledo International were worth $6,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC bought a new position in Mettler-Toledo International in the fourth quarter worth approximately $212,000. First Trust Direct Indexing L.P. increased its position in Mettler-Toledo International by 51.0% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,012 shares of the medical instruments supplier’s stock worth $1,228,000 after buying an additional 342 shares in the last quarter. ICW Investment Advisors LLC bought a new position in shares of Mettler-Toledo International in the fourth quarter worth about $205,000. Mission Wealth Management LP lifted its position in shares of Mettler-Toledo International by 4.6% during the 4th quarter. Mission Wealth Management LP now owns 1,021 shares of the medical instruments supplier’s stock valued at $1,239,000 after buying an additional 45 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its stake in shares of Mettler-Toledo International by 26.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 315 shares of the medical instruments supplier’s stock valued at $382,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of recent analyst reports. Evercore ISI raised their target price 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. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,233.25.

Mettler-Toledo International Stock Performance

MTD opened at $1,251.95 on Monday. The stock has a market capitalization of $26.78 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.42 and a beta of 1.16. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,496.86. The company has a fifty day moving average of $1,279.84 and a 200 day moving average of $1,184.44.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The business had revenue of $934.90 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $12.10 earnings per share. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Christian Magloth sold 400 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, 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 SEC, which is available at this hyperlink. In other news, insider Christian Magloth sold 400 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of 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 a total of 951 shares of company stock worth $1,170,256 over the last three months. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Company 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.