Mn Services Vermogensbeheer B.V. Sells 400 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Mn Services Vermogensbeheer B.V. lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,048 shares of the medical instruments supplier’s stock after selling 400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Mettler-Toledo International were worth $9,504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International in the fourth quarter worth $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International during the 4th quarter worth about $44,000. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $54,000. Menard Financial Group LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $67,000. Finally, Farther Finance Advisors LLC raised its position in shares of Mettler-Toledo International by 14.3% during the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock worth $78,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the transaction, the director now directly owns 120 shares in the company, valued at $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MTD. Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and decreased their price objective for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Robert W. Baird lowered 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. UBS Group upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and dropped their target price for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Finally, Citigroup upgraded 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. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1,302.11.

Mettler-Toledo International Price Performance

MTD stock opened at $1,182.91 on Tuesday. The company’s 50-day moving average is $1,109.82 and its 200-day moving average is $1,203.21. The stock has a market capitalization of $24.58 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 3.30 and a beta of 1.38. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.29. The business had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.89 earnings per share. On average, analysts anticipate 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.