Mettler-Toledo International Inc. (NYSE:MTD) is Capital Counsel LLC NY’s 9th Largest Position

Capital Counsel LLC NY trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,621 shares of the medical instruments supplier’s stock after selling 456 shares during the period. Mettler-Toledo International makes up about 8.0% of Capital Counsel LLC NY’s investment portfolio, making the stock its 9th largest holding. Capital Counsel LLC NY owned 0.72% of Mettler-Toledo International worth $186,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International during the fourth quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at $44,000. Blue Trust Inc. lifted its holdings in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after buying an additional 17 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth $54,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after acquiring an additional 45 shares during the period. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating on the stock in a research note on Thursday. Evercore ISI lifted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Robert W. Baird upped their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,346.13.

Mettler-Toledo International Trading Down 1.2 %

NYSE MTD opened at $1,004.72 on Friday. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The stock’s 50 day moving average is $1,191.96 and its 200 day moving average is $1,264.86. The stock has a market cap of $20.94 billion, a PE ratio of 24.79, a P/E/G ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD) last posted 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 net margin of 22.29% and a negative return on equity of 591.54%. On average, analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction on Monday, February 10th. The shares were 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. This represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

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.