Ownership Capital B.V. Lowers Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Ownership Capital B.V. cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,507 shares of the medical instruments supplier’s stock after selling 26,258 shares during the quarter. Mettler-Toledo International makes up about 2.8% of Ownership Capital B.V.’s investment portfolio, making the stock its 17th largest position. Ownership Capital B.V. owned approximately 0.48% of Mettler-Toledo International worth $125,550,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Caprock Group LLC lifted its stake in Mettler-Toledo International by 450.2% in the fourth quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock worth $2,102,000 after acquiring an additional 1,418 shares during the period. Oak Thistle LLC purchased a new stake in Mettler-Toledo International in the fourth quarter worth about $1,419,000. TD Asset Management Inc lifted its stake in Mettler-Toledo International by 2.9% in the third quarter. TD Asset Management Inc now owns 41,643 shares of the medical instruments supplier’s stock worth $46,143,000 after acquiring an additional 1,180 shares during the period. Atlantic Union Bankshares Corp raised its holdings in Mettler-Toledo International by 7.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 1,247 shares of the medical instruments supplier’s stock worth $1,513,000 after purchasing an additional 83 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Mettler-Toledo International in the third quarter worth about $3,743,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Up 0.4 %

Mettler-Toledo International stock traded up $5.18 during mid-day trading on Friday, hitting $1,238.09. The company had a trading volume of 94,952 shares, compared to its average volume of 107,112. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,525.14. The company has a market capitalization of $26.48 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 3.37 and a beta of 1.15. The company’s fifty day moving average is $1,274.38 and its 200-day moving average is $1,175.98.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $5,950,018.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 951 shares of company stock worth $1,170,256. 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.