Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 783 shares of the medical instruments supplier’s stock after selling 41 shares during the quarter. Values First Advisors Inc.’s holdings in Mettler-Toledo International were worth $959,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Mettler-Toledo International in the 3rd quarter worth $37,000. Sound Income Strategies LLC lifted its holdings in shares of Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after buying an additional 45 shares during the period. Raleigh Capital Management Inc. boosted 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 valued at $61,000 after buying an additional 30 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Mettler-Toledo International by 60.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock worth $72,000 after acquiring an additional 18 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 140 shares of the stock in a transaction dated 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 transaction, the insider now owns 6 shares of the company’s stock, valued at approximately $7,524.54. This represents a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,331.19 on Wednesday. The stock’s 50-day moving average is $1,281.95 and its two-hundred day moving average is $1,341.62. The stock has a market cap of $28.09 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a fifty-two week low of $1,133.46 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping 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 564.51%. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus cut their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Wells Fargo & Company increased 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 note on Monday. 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 research report on Wednesday, December 11th. Evercore ISI upped their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday. Finally, Wolfe Research assumed coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,368.00.

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.