Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,446 shares of the medical instruments supplier’s stock after selling 111 shares during the period. Federated Hermes Inc.’s holdings in Mettler-Toledo International were worth $7,819,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MV Capital Management Inc. grew its stake in shares of Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter worth about $27,000. Allworth Financial LP lifted its position in shares of Mettler-Toledo International by 100.0% during the fourth quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Mettler-Toledo International during the third quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Mettler-Toledo International by 51.5% during the third quarter. EverSource Wealth Advisors LLC now owns 50 shares of the medical instruments supplier’s stock worth $55,000 after purchasing an additional 17 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction that occurred 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 transaction, the insider now directly 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 is accessible through this hyperlink. In other news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christian Magloth sold 400 shares of the company’s 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 transaction, the insider now directly owns 734 shares in the company, valued at $938,587.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on MTD shares. Evercore ISI increased 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 report on Thursday, April 4th. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $1,233.25.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,235.37 on Thursday. The stock has a fifty day moving average price of $1,272.58 and a two-hundred day moving average price of $1,174.53. The firm has a market cap of $26.42 billion, a P/E ratio of 34.42, a PEG ratio of 3.39 and a beta of 1.15. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,565.00.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.32 by ($0.92). The business had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $12.10 EPS. On average, research analysts predict that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

About Mettler-Toledo International

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.