MONECO Advisors LLC Trims Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

MONECO Advisors LLC lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175 shares of the medical instruments supplier’s stock after selling 15 shares during the period. MONECO Advisors LLC’s holdings in Mettler-Toledo International were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MTD. MV Capital Management Inc. grew its holdings in shares of Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC acquired a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $27,000. MCF Advisors LLC grew its holdings in shares of Mettler-Toledo International by 285.7% in the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after acquiring an additional 20 shares during the period. Allworth Financial LP grew its holdings in shares of Mettler-Toledo International by 100.0% in the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, Operose Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MTD. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday. Evercore ISI upped their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Mettler-Toledo International Trading Down 0.0 %

Shares of MTD opened at $1,249.64 on Friday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,518.20. The firm has a market capitalization of $26.73 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 3.41 and a beta of 1.16. The stock’s fifty day simple moving average is $1,278.97 and its 200 day simple moving average is $1,180.90.

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

Insider Activity

In related news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the transaction, the director now directly owns 316 shares in the company, valued at $372,042.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the transaction, the director now owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred 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 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. Insiders sold 951 shares of company stock worth $1,170,256 over the last ninety days. 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.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.