Edgestream Partners L.P. Has $1.27 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Edgestream Partners L.P. lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 69.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 957 shares of the medical instruments supplier’s stock after selling 2,214 shares during the period. Edgestream Partners L.P.’s holdings in Mettler-Toledo International were worth $1,274,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MTD. Bank of New York Mellon Corp lifted its position in shares of Mettler-Toledo International by 169.4% during the 1st quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock worth $763,764,000 after purchasing an additional 360,786 shares during the last quarter. Norges Bank acquired a new position in Mettler-Toledo International in the 4th quarter valued at approximately $320,847,000. Principal Financial Group Inc. raised its holdings in Mettler-Toledo International by 65.4% in the 4th quarter. Principal Financial Group Inc. now owns 241,219 shares of the medical instruments supplier’s stock valued at $292,589,000 after acquiring an additional 95,421 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Mettler-Toledo International by 109,458.1% in the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock valued at $82,392,000 after acquiring an additional 67,864 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Mettler-Toledo International by 854.0% in the 4th quarter. Corient Private Wealth LLC now owns 74,707 shares of the medical instruments supplier’s stock valued at $90,617,000 after acquiring an additional 66,876 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Trading Down 0.1 %

NYSE MTD traded down $1.30 during trading hours on Tuesday, reaching $1,371.32. 21,269 shares of the company’s stock were exchanged, compared to its average volume of 143,344. The stock has a market cap of $29.29 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 3.61 and a beta of 1.17. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86. The firm has a fifty day moving average of $1,424.67 and a 200-day moving average of $1,311.19.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. Mettler-Toledo International’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $8.69 EPS. As a group, research analysts forecast that Mettler-Toledo International Inc. will post 40.13 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on MTD shares. Citigroup upped their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Robert W. Baird upped their price target on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Stifel Nicolaus upped their price objective on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,301.25.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total value of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Gerry Keller sold 310 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at approximately $9,069.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,278 shares of company stock worth $4,871,849. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.