PineStone Asset Management Inc. Sells 496 Shares of Mettler-Toledo International, Inc. $MTD

PineStone Asset Management Inc. reduced its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 323,074 shares of the medical instruments supplier’s stock after selling 496 shares during the quarter. Mettler-Toledo International makes up about 2.8% of PineStone Asset Management Inc.’s portfolio, making the stock its 11th largest position. PineStone Asset Management Inc.’s holdings in Mettler-Toledo International were worth $450,427,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Mettler-Toledo International by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock worth $361,000 after buying an additional 7 shares during the last quarter. Allworth Financial LP lifted its holdings in Mettler-Toledo International by 6.1% in the third quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock valued at $149,000 after buying an additional 7 shares during the period. GAMMA Investing LLC boosted its position in Mettler-Toledo International by 1.6% during the third quarter. GAMMA Investing LLC now owns 510 shares of the medical instruments supplier’s stock valued at $626,000 after acquiring an additional 8 shares during the last quarter. Versant Capital Management Inc grew its holdings in Mettler-Toledo International by 42.1% during the 3rd quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after acquiring an additional 8 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in Mettler-Toledo International by 4.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 207 shares of the medical instruments supplier’s stock worth $254,000 after acquiring an additional 8 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mettler-Toledo International in a research note on Monday, December 29th. Barclays lowered their target price on Mettler-Toledo International from $1,600.00 to $1,550.00 and set an “overweight” rating for the company in a report on Monday, December 15th. Wells Fargo & Company lifted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Moderate Buy” and a consensus target price of $1,463.75.

Mettler-Toledo International Trading Up 1.1%

Mettler-Toledo International stock opened at $1,261.07 on Wednesday. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,525.17. The firm has a market capitalization of $25.54 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.62 and a beta of 1.43. The firm’s fifty day moving average price is $1,321.54 and its two-hundred day moving average price is $1,364.60.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 EPS for the quarter, topping the consensus estimate of $12.76 by $0.60. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $12.41 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the completion of the sale, the chief financial officer directly owned 5,288 shares of the company’s stock, valued at approximately $7,456,714.56. The trade was a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.