HM Payson & Co. Sells 36 Shares of Mettler-Toledo International Inc. (NYSE:MTD)


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HM Payson & Co. cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 290 shares of the medical instruments supplier’s stock after selling 36 shares during the period. HM Payson & Co.’s holdings in Mettler-Toledo International were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MTD. Encompass Wealth Advisors LLC purchased a new position in shares of Mettler-Toledo International during the fourth quarter worth about $228,000. Defined Wealth Management LLC purchased a new position in shares of Mettler-Toledo International during the fourth quarter worth about $528,000. Childress Capital Advisors LLC purchased a new position in shares of Mettler-Toledo International during the fourth quarter worth about $49,000. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Mettler-Toledo International by 21.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 55,919 shares of the medical instruments supplier’s stock worth $63,728,000 after purchasing an additional 9,949 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Mettler-Toledo International in the fourth quarter worth approximately $1,377,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

In other news, insider Gerry Keller sold 878 shares of the stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $1,192.01, for a total value of $1,046,584.78. Following the sale, the insider now directly owns 623 shares of the company’s stock, valued at $742,622.23. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrick Kaltenbach bought 50 shares of the business’s stock in a transaction dated Wednesday, February 17th. The stock was bought at an average cost of $1,170.00 per share, for a total transaction of $58,500.00. Following the completion of the purchase, the chief executive officer now owns 1,266 shares of the company’s stock, valued at approximately $1,481,220. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 15,700 shares of company stock valued at $18,886,523. 3.20% of the stock is owned by corporate insiders.

Several analysts have issued reports on the company. Smith Barney Citigroup upped their target price on Mettler-Toledo International from $1,150.00 to $1,200.00 in a research note on Wednesday, December 16th. Cleveland Research raised Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Thursday, December 17th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,255.00 target price for the company in a research note on Tuesday, February 9th. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,100.00 to $1,300.00 and gave the stock an “equal weight” rating in a research note on Friday, February 5th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on Mettler-Toledo International from $1,150.00 to $1,200.00 in a research note on Wednesday, December 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $968.10.

Shares of MTD stock opened at $1,199.84 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.99 and a current ratio of 1.37. Mettler-Toledo International Inc. has a fifty-two week low of $661.32 and a fifty-two week high of $1,271.67. The stock has a 50 day moving average price of $1,122.71 and a two-hundred day moving average price of $1,121.71. The company has a market capitalization of $27.98 billion, a P/E ratio of 50.48, a PEG ratio of 3.58 and a beta of 1.04.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 4th. The medical instruments supplier reported $9.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $8.72 by $0.54. The firm had revenue of $937.99 million during the quarter, compared to the consensus estimate of $903.92 million. Mettler-Toledo International had a return on equity of 144.89% and a net margin of 19.36%. During the same quarter in the previous year, the company posted $7.78 earnings per share. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 25 earnings per share for the current year.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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