Los Angeles Capital Management LLC Sells 1,969 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Los Angeles Capital Management LLC reduced its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 43.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,568 shares of the medical instruments supplier’s stock after selling 1,969 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Mettler-Toledo International were worth $3,115,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Northern Trust Corp lifted its holdings in shares of Mettler-Toledo International by 1.2% during the third quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock worth $309,313,000 after buying an additional 3,371 shares during the last quarter. Morgan Stanley grew its position in Mettler-Toledo International by 9.6% during the third quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock worth $296,041,000 after buying an additional 23,305 shares in the last quarter. Barclays PLC increased its stake in Mettler-Toledo International by 4.1% during the third quarter. Barclays PLC now owns 225,239 shares of the medical instruments supplier’s stock valued at $249,580,000 after acquiring an additional 8,933 shares during the period. Impax Asset Management Group plc raised its holdings in Mettler-Toledo International by 6.6% in the 4th quarter. Impax Asset Management Group plc now owns 192,857 shares of the medical instruments supplier’s stock valued at $233,928,000 after acquiring an additional 11,880 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Mettler-Toledo International by 38.6% in the 3rd quarter. American Century Companies Inc. now owns 145,911 shares of the medical instruments supplier’s stock worth $161,680,000 after acquiring an additional 40,599 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Buying and Selling

In other news, Director Elisha W. Finney sold 251 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the sale, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mettler-Toledo International 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 completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the completion of the transaction, the director now directly owns 316 shares in the company, valued at approximately $372,042.60. The disclosure for this sale can be found here. Insiders have sold a total of 951 shares of company stock worth $1,170,256 in the last 90 days. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of recent research reports. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Evercore ISI raised their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,233.25.

Mettler-Toledo International Stock Up 0.2 %

NYSE:MTD opened at $1,251.95 on Monday. The firm has a market cap of $26.78 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 3.42 and a beta of 1.16. The company’s 50-day moving average price is $1,279.84 and its two-hundred day moving average price is $1,184.44. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,496.86.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The business had revenue of $934.90 million for the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the company earned $12.10 earnings per share. On average, research analysts expect that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

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.