Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC lowered its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 500 shares of the medical instruments supplier’s stock after selling 70 shares during the quarter. Hemenway Trust Co LLC’s holdings in Mettler-Toledo International were worth $612,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in MTD. State Street Corp lifted its stake in shares of Mettler-Toledo International by 1.0% in the third quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier’s stock valued at $1,431,693,000 after purchasing an additional 9,009 shares during the period. Alliancebernstein L.P. increased its holdings in Mettler-Toledo International by 9.9% in the fourth quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier’s stock valued at $713,627,000 after buying an additional 52,726 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mettler-Toledo International by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier’s stock valued at $682,340,000 after acquiring an additional 11,032 shares during the period. Norges Bank purchased a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $372,954,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Mettler-Toledo International by 13.9% in the 4th quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock worth $335,977,000 after acquiring an additional 33,456 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $810,804.00. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 6.7 %

Mettler-Toledo International stock opened at $1,021.97 on Friday. The stock has a fifty day moving average price of $1,264.13 and a 200 day moving average price of $1,295.07. Mettler-Toledo International Inc. has a 52 week low of $1,000.72 and a 52 week high of $1,546.93. The firm has a market capitalization of $21.30 billion, a P/E ratio of 25.22, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on MTD shares. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Wells Fargo & Company increased their price target 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 report on Monday, February 10th. Finally, Citigroup reduced their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,380.50.

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.