Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Mitchell Capital Management Co.

Mitchell Capital Management Co. lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312 shares of the medical instruments supplier’s stock after selling 212 shares during the quarter. Mitchell Capital Management Co.’s holdings in Mettler-Toledo International were worth $382,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Mettler-Toledo International in the fourth quarter valued at about $163,216,000. Seilern Investment Management Ltd bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at approximately $89,221,000. AustralianSuper Pty Ltd raised its position in shares of Mettler-Toledo International by 3,183.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock valued at $87,705,000 after acquiring an additional 69,490 shares in the last quarter. Canoe Financial LP lifted its stake in Mettler-Toledo International by 576.5% during the fourth quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock worth $67,936,000 after purchasing an additional 47,311 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Mettler-Toledo International by 13.9% in the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock worth $335,977,000 after purchasing an additional 33,456 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 1.4 %

MTD opened at $1,271.44 on Friday. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The stock has a market cap of $26.59 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The business’s 50 day moving average is $1,291.19 and its 200-day moving average is $1,329.59.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of research reports. Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Evercore ISI increased their price objective 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. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Stifel Nicolaus dropped their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Wells Fargo & Company raised their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,368.00.

Insider Buying and Selling

In related news, insider Gerry Keller sold 600 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 790 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,530 shares of company stock valued at $2,024,192 over the last 90 days. 1.94% of the stock is currently owned by company insiders.

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.