Whittier Trust Co. of Nevada Inc. Decreases Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Whittier Trust Co. of Nevada Inc. cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 37.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30 shares of the medical instruments supplier’s stock after selling 18 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Mettler-Toledo International were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Northwest & Ethical Investments L.P. grew its stake in Mettler-Toledo International by 7.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 20,906 shares of the medical instruments supplier’s stock valued at $25,582,000 after purchasing an additional 1,474 shares during the period. iA Global Asset Management Inc. increased its holdings in Mettler-Toledo International by 40.7% during the fourth quarter. iA Global Asset Management Inc. now owns 1,199 shares of the medical instruments supplier’s stock worth $1,467,000 after buying an additional 347 shares during the last quarter. Teacher Retirement System of Texas raised its position in Mettler-Toledo International by 14.9% in the fourth quarter. Teacher Retirement System of Texas now owns 12,793 shares of the medical instruments supplier’s stock worth $15,655,000 after acquiring an additional 1,662 shares during the period. Royal London Asset Management Ltd. boosted its stake in Mettler-Toledo International by 3.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 33,774 shares of the medical instruments supplier’s stock valued at $41,329,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at approximately $1,512,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the stock in a transaction on 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 transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, 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 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 Stock Up 1.0 %

MTD stock opened at $1,211.71 on Tuesday. The stock has a 50-day simple moving average of $1,291.57 and a two-hundred day simple moving average of $1,308.45. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The firm has a market capitalization of $25.25 billion, a PE ratio of 29.90, a PEG ratio of 3.30 and a beta of 1.15.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MTD shares. Evercore ISI lifted 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 report on Monday, February 10th. Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Citigroup decreased their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Robert W. Baird upped their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company lifted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,380.50.

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.