Sentry Investment Management LLC Has $100,000 Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Sentry Investment Management LLC trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82 shares of the medical instruments supplier’s stock after selling 13 shares during the period. Sentry Investment Management LLC’s holdings in Mettler-Toledo International were worth $100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTD. Seilern Investment Management Ltd acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $89,221,000. AustralianSuper Pty Ltd raised its holdings in shares of Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock worth $87,705,000 after acquiring an additional 69,490 shares during the period. Canoe Financial LP raised its holdings in shares of 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 acquiring an additional 47,311 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Mettler-Toledo International by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock worth $335,977,000 after acquiring an additional 33,456 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in shares of Mettler-Toledo International by 610.4% during the third quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock worth $50,183,000 after acquiring an additional 28,752 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,290.12 on Thursday. The firm has a 50-day moving average of $1,289.38 and a 200-day moving average of $1,331.49. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93. The company has a market cap of $26.98 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts’ consensus estimates 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%. Analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Evercore ISI raised their target price on shares of 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. Stifel Nicolaus decreased their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company raised their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,368.00.

Insider Activity

In other news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christian Magloth sold 790 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,530 shares of company stock valued at $2,024,192 in the last quarter. Company insiders own 1.94% of the company’s stock.

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.