Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 57.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 685 shares of the medical instruments supplier’s stock after selling 942 shares during the quarter. Shell Asset Management Co.’s holdings in Mettler-Toledo International were worth $912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth about $25,000. MV Capital Management Inc. raised its position in Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after buying an additional 13 shares during the last quarter. CVA Family Office LLC acquired a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $27,000. Spartan Planning & Wealth Management purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $27,000. Finally, Bellevue Group AG acquired a new stake in shares of Mettler-Toledo International in the fourth quarter worth $30,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. Citigroup boosted their price objective on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Robert W. Baird lifted their price target on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,301.25.

Mettler-Toledo International Stock Up 2.8 %

MTD opened at $1,450.08 on Friday. The company has a 50-day moving average price of $1,415.40 and a 200 day moving average price of $1,315.94. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,535.86. The company has a market cap of $30.97 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 3.78 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The business had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. During the same period last year, the company earned $8.69 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 1,100 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,079,691.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Christian Magloth sold 1,100 shares of Mettler-Toledo International stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $1,079,691.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas P. Salice sold 1,268 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now owns 244 shares in the company, valued at $363,603.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,278 shares of company stock valued at $4,871,849. Company insiders own 1.94% of the company’s stock.

About Mettler-Toledo International

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.