Mettler-Toledo International, Inc. $MTD Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 14.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,653 shares of the medical instruments supplier’s stock after selling 610 shares during the quarter. M&T Bank Corp’s holdings in Mettler-Toledo International were worth $5,093,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in Mettler-Toledo International by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock valued at $361,000 after acquiring an additional 7 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Mettler-Toledo International by 6.1% during the third quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock worth $149,000 after purchasing an additional 7 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Mettler-Toledo International by 42.1% during the third quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after purchasing an additional 8 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Mettler-Toledo International by 4.0% during the third quarter. Valeo Financial Advisors LLC now owns 207 shares of the medical instruments supplier’s stock worth $254,000 after purchasing an additional 8 shares during the last quarter. Finally, Meridian Wealth Management LLC boosted its holdings in shares of Mettler-Toledo International by 1.7% during the third quarter. Meridian Wealth Management LLC now owns 480 shares of the medical instruments supplier’s stock worth $589,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,328.02 on Thursday. Mettler-Toledo International, Inc. has a 1 year low of $1,059.24 and a 1 year high of $1,525.17. The firm has a market cap of $26.89 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 2.73 and a beta of 1.31. The stock has a 50-day simple moving average of $1,277.68 and a 200-day simple moving average of $1,367.88.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.76 by $0.60. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm earned $12.41 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Mettler-Toledo International, Inc. will post 46.51 EPS for the current year.

Insider Activity

In other news, CFO Shawn Vadala sold 800 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the completion of the sale, the chief financial officer owned 5,288 shares in the company, valued at approximately $7,456,714.56. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of several analyst reports. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Wall Street Zen raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Morgan Stanley cut their target price on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 10th. Finally, Barclays cut their target price on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Mettler-Toledo International currently has an average rating of “Moderate Buy” and an average price target of $1,459.58.

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.