Burney Co. Sells 140 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Burney Co. lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 3.2% during the 1st quarter, Holdings Channel reports. The firm owned 4,301 shares of the medical instruments supplier’s stock after selling 140 shares during the quarter. Burney Co.’s holdings in Mettler-Toledo International were worth $5,726,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MTD. Raymond James Financial Services Advisors Inc. lifted its position in Mettler-Toledo International by 25.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,676 shares of the medical instruments supplier’s stock worth $2,033,000 after buying an additional 340 shares in the last quarter. Fifth Third Bancorp lifted its stake in Mettler-Toledo International by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the medical instruments supplier’s stock valued at $912,000 after buying an additional 181 shares during the period. DAVENPORT & Co LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth about $997,000. Trust Point Inc. bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $224,000. Finally, Boston Trust Walden Corp raised its position in shares of Mettler-Toledo International by 10.8% in the 4th quarter. Boston Trust Walden Corp now owns 35,015 shares of the medical instruments supplier’s stock valued at $42,472,000 after acquiring an additional 3,427 shares during the period. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on MTD shares. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Robert W. Baird raised their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Stifel Nicolaus boosted their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,301.25.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock traded down $73.92 during midday trading on Friday, reaching $1,441.43. The stock had a trading volume of 327,034 shares, compared to its average volume of 136,241. The stock has a market capitalization of $30.79 billion, a P/E ratio of 40.42, a price-to-earnings-growth ratio of 4.06 and a beta of 1.17. The firm’s fifty day simple moving average is $1,414.17 and its 200-day simple moving average is $1,326.84. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, topping the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 590.80%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $10.19 EPS. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Christian Magloth sold 1,100 shares of the stock in a transaction on 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 sale, the insider now 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 can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock worth $4,871,849 over the last ninety days. 1.94% of the stock is currently owned by corporate insiders.

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.