Mettler-Toledo International Inc. (NYSE:MTD) Holdings Trimmed by Stevens Capital Management LP

Stevens Capital Management LP lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 52.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269 shares of the medical instruments supplier’s stock after selling 297 shares during the quarter. Stevens Capital Management LP’s holdings in Mettler-Toledo International were worth $326,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MTD. MV Capital Management Inc. boosted its stake in Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $27,000. MCF Advisors LLC boosted its position in shares of Mettler-Toledo International by 285.7% in the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 20 shares during the period. Allworth Financial LP boosted its position in shares of Mettler-Toledo International by 100.0% in the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, Operose Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 3rd quarter valued at $43,000. Institutional investors own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 951 shares of company stock valued at $1,170,256. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MTD shares. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Evercore ISI increased their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,233.25.

Mettler-Toledo International Stock Up 0.4 %

Shares of MTD traded up $5.18 during midday trading on Friday, reaching $1,238.09. 94,948 shares of the stock were exchanged, compared to its average volume of 139,477. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,525.14. The firm has a 50 day simple moving average of $1,273.39 and a 200-day simple moving average of $1,174.94. The company has a market cap of $26.48 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 3.37 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share 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 company had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. During the same period in the previous year, the business posted $12.10 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. Research analysts expect that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

Mettler-Toledo International 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.