Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 81,696 shares of the medical instruments supplier’s stock after selling 3,543 shares during the quarter. American Century Companies Inc.’s holdings in Mettler-Toledo International were worth $99,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mizuho Securities USA LLC grew its stake in Mettler-Toledo International by 45.3% in the 4th quarter. Mizuho Securities USA LLC now owns 2,000 shares of the medical instruments supplier’s stock worth $2,447,000 after acquiring an additional 624 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at $2,577,000. Beddow Capital Management Inc. increased its stake in Mettler-Toledo International by 37.5% in the fourth quarter. Beddow Capital Management Inc. now owns 1,125 shares of the medical instruments supplier’s stock valued at $1,377,000 after purchasing an additional 307 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Mettler-Toledo International by 9.1% during the fourth quarter. TD Private Client Wealth LLC now owns 203 shares of the medical instruments supplier’s stock worth $248,000 after buying an additional 17 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in Mettler-Toledo International in the 4th quarter worth about $437,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on MTD shares. Wells Fargo & Company increased their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Citigroup lowered their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Robert W. Baird increased their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,380.50.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,211.71 on Tuesday. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The business’s 50-day moving average is $1,291.57 and its two-hundred day moving average is $1,308.45. The firm has a market capitalization of $25.25 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Equities analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. This represents a 51.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.