Snowden Capital Advisors LLC Sells 184 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Snowden Capital Advisors LLC lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,306 shares of the medical instruments supplier’s stock after selling 184 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Mettler-Toledo International were worth $1,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTD. Norges Bank bought a new stake in Mettler-Toledo International during the 4th quarter valued at $372,954,000. Proficio Capital Partners LLC bought a new stake in Mettler-Toledo International during the 4th quarter valued at $163,216,000. T. Rowe Price Investment Management Inc. increased its stake in Mettler-Toledo International by 36.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier’s stock valued at $444,327,000 after purchasing an additional 96,300 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Mettler-Toledo International by 53.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock valued at $262,211,000 after purchasing an additional 74,187 shares in the last quarter. Finally, Seilern Investment Management Ltd bought a new stake in Mettler-Toledo International during the 4th quarter valued at $89,221,000. Institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

MTD has been the subject of several recent analyst reports. StockNews.com lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Wells Fargo & Company upped their target price on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Robert W. Baird reduced their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Finally, Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price for the company in a research note on Monday, April 7th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,296.13.

Mettler-Toledo International Stock Performance

MTD opened at $1,158.93 on Friday. The firm has a market cap of $24.09 billion, a P/E ratio of 28.59, a PEG ratio of 3.30 and a beta of 1.40. The firm has a 50-day moving average of $1,107.03 and a 200 day moving average of $1,218.11. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating the consensus estimate of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.89 earnings per share. Equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This represents a 51.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.94% of the stock is owned by company insiders.

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.