Allspring Global Investments Holdings LLC Has $1.73 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Allspring Global Investments Holdings LLC lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 74.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,427 shares of the medical instruments supplier’s stock after selling 4,109 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mettler-Toledo International were worth $1,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC lifted its position in shares of Mettler-Toledo International by 4.7% in the third quarter. CWM LLC now owns 600 shares of the medical instruments supplier’s stock valued at $665,000 after buying an additional 27 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Mettler-Toledo International by 13.3% during the 3rd quarter. AE Wealth Management LLC now owns 187 shares of the medical instruments supplier’s stock valued at $207,000 after purchasing an additional 22 shares during the last quarter. HB Wealth Management LLC bought a new position in Mettler-Toledo International during the third quarter worth $243,000. 1900 Wealth Management LLC raised its position in shares of Mettler-Toledo International by 22.4% in the third quarter. 1900 Wealth Management LLC now owns 300 shares of the medical instruments supplier’s stock valued at $332,000 after purchasing an additional 55 shares during the period. Finally, Meridian Wealth Management LLC lifted its stake in shares of Mettler-Toledo International by 146.7% during the 3rd quarter. Meridian Wealth Management LLC now owns 962 shares of the medical instruments supplier’s stock worth $1,066,000 after buying an additional 572 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Up 0.9 %

NYSE:MTD opened at $1,199.46 on Tuesday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,574.26. The stock’s 50-day simple moving average is $1,269.81 and its 200 day simple moving average is $1,172.97. The firm has a market capitalization of $25.65 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results 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). The company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.10 earnings per share. On average, analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 400 shares of the 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 transaction, the insider now directly owns 734 shares in the company, valued at approximately $938,587.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $5,950,018.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MTD has been the topic of several research analyst reports. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Evercore ISI increased 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 research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,233.25.

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.