Shell Asset Management Co. Sells 942 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Shell Asset Management Co. lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 57.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 685 shares of the medical instruments supplier’s stock after selling 942 shares during the quarter. Shell Asset Management Co.’s holdings in Mettler-Toledo International were worth $912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. CVA Family Office LLC purchased a new position in Mettler-Toledo International in the 4th quarter valued at approximately $27,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Mettler-Toledo International by 25.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,676 shares of the medical instruments supplier’s stock valued at $2,033,000 after acquiring an additional 340 shares during the period. Values First Advisors Inc. grew its stake in Mettler-Toledo International by 2.6% during the fourth quarter. Values First Advisors Inc. now owns 1,139 shares of the medical instruments supplier’s stock valued at $1,382,000 after acquiring an additional 29 shares in the last quarter. Caprock Group LLC increased its holdings in Mettler-Toledo International by 450.2% during the 4th quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock worth $2,102,000 after acquiring an additional 1,418 shares during the period. Finally, Patron Partners LLC lifted its stake in Mettler-Toledo International by 1.3% in the 4th quarter. Patron Partners LLC now owns 1,368 shares of the medical instruments supplier’s stock worth $1,659,000 after purchasing an additional 18 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred 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 of the company’s stock, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the completion of the transaction, the director now owns 244 shares in the company, valued at $363,603.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. Insiders sold 3,278 shares of company stock worth $4,871,849 in the last ninety days. 1.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTD. Citigroup boosted their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research report on Monday, May 13th. The Goldman Sachs Group upped their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Robert W. Baird lifted their price target on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Jefferies Financial Group restated 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 report on Monday, June 3rd. Finally, Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,301.25.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,450.08 on Friday. The company has a market capitalization of $30.97 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 3.78 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 company’s 50 day moving average price is $1,415.40 and its two-hundred day moving average price is $1,315.94.

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

About Mettler-Toledo International

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.