Congress Asset Management Co. Lowers Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Congress Asset Management Co. reduced its position in Mettler-Toledo International Inc. (NYSE:MTD) by 51.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 655 shares of the medical instruments supplier’s stock after selling 695 shares during the quarter. Congress Asset Management Co.’s holdings in Mettler-Toledo International were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MTD. PineStone Asset Management Inc. increased its stake in Mettler-Toledo International by 2.4% in the 4th quarter. PineStone Asset Management Inc. now owns 169,420 shares of the medical instruments supplier’s stock worth $207,316,000 after buying an additional 3,914 shares in the last quarter. Rhumbline Advisers grew its position in shares of Mettler-Toledo International by 4.9% during the fourth quarter. Rhumbline Advisers now owns 59,436 shares of the medical instruments supplier’s stock worth $72,731,000 after purchasing an additional 2,780 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in Mettler-Toledo International by 3,183.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock valued at $87,705,000 after purchasing an additional 69,490 shares during the period. Campbell Wealth Management purchased a new position in Mettler-Toledo International in the 4th quarter worth approximately $608,000. Finally, V Square Quantitative Management LLC boosted its stake in Mettler-Toledo International by 3.4% in the 4th quarter. V Square Quantitative Management LLC now owns 522 shares of the medical instruments supplier’s stock worth $639,000 after purchasing an additional 17 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Trading Up 0.1 %

Shares of NYSE:MTD opened at $1,273.31 on Wednesday. The company has a market cap of $26.87 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The company has a 50-day moving average price of $1,284.13 and a 200 day moving average price of $1,335.70.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Evercore ISI boosted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus dropped their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,368.00.

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.