Ownership Capital B.V. Has $82.65 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Ownership Capital B.V. cut its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,544 shares of the medical instruments supplier’s stock after selling 4,760 shares during the period. Mettler-Toledo International makes up about 3.0% of Ownership Capital B.V.’s portfolio, making the stock its 16th biggest holding. Ownership Capital B.V.’s holdings in Mettler-Toledo International were worth $82,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC acquired a new position in Mettler-Toledo International during the third quarter valued at approximately $37,000. Raleigh Capital Management Inc. lifted its stake in Mettler-Toledo International by 272.7% during the third quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock worth $61,000 after purchasing an additional 30 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after purchasing an additional 45 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Mettler-Toledo International by 60.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock valued at $72,000 after purchasing an additional 18 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.94% of the stock is owned by insiders.

Analyst Ratings Changes

MTD has been the topic of a number of recent research reports. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Evercore ISI lifted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Robert W. Baird increased their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,368.00.

Mettler-Toledo International Stock Up 2.5 %

Shares of MTD opened at $1,305.22 on Thursday. The business’s fifty day moving average is $1,284.19 and its 200 day moving average is $1,334.52. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93. The stock has a market cap of $27.31 billion, a P/E ratio of 32.20, a P/E/G ratio of 3.22 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. On average, analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

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.