Asset Management One Co. Ltd. Trims Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Asset Management One Co. Ltd. lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,444 shares of the medical instruments supplier’s stock after selling 333 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Mettler-Toledo International were worth $20,148,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Trust Point Inc. acquired a new stake in Mettler-Toledo International during the 4th quarter worth $224,000. DAVENPORT & Co LLC acquired a new position in Mettler-Toledo International in the fourth quarter valued at $997,000. Oak Thistle LLC acquired a new position in Mettler-Toledo International in the fourth quarter valued at $1,419,000. Fifth Third Bancorp increased its stake in Mettler-Toledo International by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the medical instruments supplier’s stock valued at $912,000 after purchasing an additional 181 shares during the period. Finally, Atlantic Union Bankshares Corp increased its stake in Mettler-Toledo International by 7.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 1,247 shares of the medical instruments supplier’s stock valued at $1,513,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 1.3 %

MTD stock opened at $1,300.84 on Friday. The company has a market cap of $27.82 billion, a P/E ratio of 36.25, a P/E/G ratio of 3.51 and a beta of 1.15. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,615.97. The company’s 50-day moving average price is $1,258.69 and its 200 day moving average price is $1,159.50.

Mettler-Toledo International (NYSE:MTD) last released 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 company had revenue of $934.90 million for 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 firm’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $12.10 EPS. On average, equities research analysts expect that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on MTD. Citigroup restated a “sell” rating and issued a $975.00 price objective (down from $1,050.00) on shares of Mettler-Toledo International in a research note on Monday, December 11th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Sunday, March 31st. Finally, Evercore ISI boosted 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Insider Buying and Selling

In related news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the sale, 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. Over the last 90 days, insiders have sold 951 shares of company stock valued at $1,170,256. Corporate insiders own 1.94% of the company’s stock.

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.