Mettler-Toledo International, Inc. $MTD Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,653 shares of the medical instruments supplier’s stock after selling 610 shares during the period. M&T Bank Corp’s holdings in Mettler-Toledo International were worth $5,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in Mettler-Toledo International by 42.1% during the 3rd quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after purchasing an additional 8 shares during the period. Root Financial Partners LLC acquired a new position in Mettler-Toledo International during the 3rd quarter worth approximately $42,000. Quantbot Technologies LP acquired a new position in Mettler-Toledo International during the 3rd quarter worth approximately $49,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $56,000. Finally, State of Wyoming acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter worth approximately $58,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Barclays decreased their target price on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley decreased their target price on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,459.58.

Mettler-Toledo International Stock Performance

MTD opened at $1,328.02 on Thursday. The business’s fifty day moving average is $1,277.68 and its two-hundred day moving average is $1,367.88. The company has a market cap of $26.89 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 2.73 and a beta of 1.31. Mettler-Toledo International, Inc. has a one year low of $1,059.24 and a one year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 EPS for the quarter, beating analysts’ consensus estimates of $12.76 by $0.60. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.Mettler-Toledo International’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.41 EPS. On average, analysts predict that Mettler-Toledo International, Inc. will post 46.51 EPS for the current fiscal year.

Insider Activity

In other news, CFO Shawn Vadala sold 800 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the sale, the chief financial officer directly owned 5,288 shares in the company, valued at $7,456,714.56. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by corporate insiders.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.