Asset Management One Co. Ltd. Trims Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Asset Management One Co. Ltd. lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,609 shares of the medical instruments supplier’s stock after selling 936 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Mettler-Toledo International were worth $21,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MTD. Allspring Global Investments Holdings LLC raised its position in shares of Mettler-Toledo International by 1.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,255 shares of the medical instruments supplier’s stock valued at $1,532,000 after buying an additional 15 shares during the last quarter. Certuity LLC acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $202,000. Savant Capital LLC grew its position in shares of Mettler-Toledo International by 22.2% in the fourth quarter. Savant Capital LLC now owns 341 shares of the medical instruments supplier’s stock valued at $417,000 after purchasing an additional 62 shares during the period. Kestra Private Wealth Services LLC increased its stake in Mettler-Toledo International by 251.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 777 shares of the medical instruments supplier’s stock valued at $951,000 after purchasing an additional 556 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in Mettler-Toledo International during the fourth quarter worth about $1,531,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Robert W. Baird upped their price target on shares of 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. Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,368.00.

Mettler-Toledo International Trading Down 1.8 %

Shares of NYSE MTD opened at $1,273.44 on Friday. The stock has a fifty day moving average price of $1,284.29 and a 200 day moving average price of $1,339.88. The company has a market cap of $26.87 billion, a P/E ratio of 31.42, a P/E/G ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) 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 564.51%. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 41.94 EPS for the current fiscal year.

Insider Activity

In related news, insider Gerry Keller sold 140 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now owns 6 shares of the company’s stock, valued at approximately $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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.