Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,026 shares of the medical instruments supplier’s stock after selling 96 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Mettler-Toledo International were worth $5,360,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Paloma Partners Management Co acquired a new position in shares of Mettler-Toledo International during the first quarter valued at $634,000. Mount Yale Investment Advisors LLC lifted its holdings in Mettler-Toledo International by 7.6% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,005 shares of the medical instruments supplier’s stock worth $1,338,000 after purchasing an additional 71 shares during the period. Bellevue Group AG lifted its holdings in Mettler-Toledo International by 32.0% in the first quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock worth $44,000 after purchasing an additional 8 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Mettler-Toledo International by 88.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock worth $163,290,000 after purchasing an additional 57,509 shares during the period. Finally, BOKF NA lifted its holdings in Mettler-Toledo International by 11.7% in the first quarter. BOKF NA now owns 1,155 shares of the medical instruments supplier’s stock worth $1,549,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Citigroup upped their price objective on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a report on Monday, May 13th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Stifel Nicolaus boosted their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average price target 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 Mettler-Toledo International stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,510,705.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,510,705.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the completion of the sale, the director now directly owns 244 shares of the company’s stock, valued at approximately $363,603.92. The disclosure for this sale can be found here. Insiders have sold a total of 3,278 shares of company stock valued at $4,871,849 in the last 90 days. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Price Performance

NYSE MTD traded up $40.55 on Tuesday, hitting $1,492.55. 88,524 shares of the company were exchanged, compared to its average volume of 143,624. The company’s 50 day moving average price is $1,414.08 and its 200-day moving average price is $1,320.02. The firm has a market capitalization of $31.88 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 3.89 and a beta of 1.17. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,535.86.

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

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.