Quadrant Capital Group LLC Reduces Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Quadrant Capital Group LLC trimmed its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185 shares of the medical instruments supplier’s stock after selling 20 shares during the period. Quadrant Capital Group LLC’s holdings in Mettler-Toledo International were worth $226,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MTD. Norges Bank purchased a new stake in Mettler-Toledo International in the fourth quarter worth about $372,954,000. Proficio Capital Partners LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $163,216,000. Massachusetts Financial Services Co. MA grew its stake in Mettler-Toledo International by 53.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock worth $262,211,000 after purchasing an additional 74,187 shares during the period. Seilern Investment Management Ltd bought a new position in Mettler-Toledo International in the fourth quarter worth $89,221,000. Finally, AustralianSuper Pty Ltd lifted its position in Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock valued at $87,705,000 after buying an additional 69,490 shares during the period. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective on the stock in a research note on Monday. Evercore ISI upped their price target on 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. Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Wolfe Research started coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating for the company. Finally, Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,380.50.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares of the company’s stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Trading Down 6.1 %

Shares of MTD stock opened at $969.01 on Wednesday. Mettler-Toledo International Inc. has a 12-month low of $954.51 and a 12-month high of $1,546.93. The stock has a market capitalization of $20.20 billion, a P/E ratio of 23.91, a P/E/G ratio of 3.30 and a beta of 1.28. The firm’s 50 day moving average is $1,242.82 and its 200 day moving average is $1,285.50.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (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%. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Mettler-Toledo International 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.