Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lessened its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 580 shares of the medical instruments supplier’s stock after selling 14 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Mettler-Toledo International were worth $710,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Mettler-Toledo International during the 4th quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International during the fourth quarter valued at $44,000. Blue Trust Inc. grew its position in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock worth $50,000 after purchasing an additional 17 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International during the 4th quarter valued at about $54,000. Finally, Sound Income Strategies LLC boosted its stake 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 worth $56,000 after buying an additional 45 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTD has been the subject of a number of analyst reports. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target for the company in a report on Monday, April 7th. Evercore ISI lifted 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 report on Monday, February 10th. Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,346.13.

Insiders Place Their Bets

In related news, insider Gerry Keller sold 600 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at approximately $8,108.04. This represents a 99.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Trading Down 1.2 %

MTD opened at $1,004.72 on Friday. The firm has a market capitalization of $20.94 billion, a PE ratio of 24.79, a PEG ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The firm’s 50-day moving average price is $1,185.43 and its 200 day moving average price is $1,259.95.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Mettler-Toledo International 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.