Douglass Winthrop Advisors LLC Decreases Position in Mettler-Toledo International Inc. (NYSE:MTD)

Douglass Winthrop Advisors LLC lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,271 shares of the medical instruments supplier’s stock after selling 22 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Mettler-Toledo International were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC raised its position in Mettler-Toledo International by 15.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 304 shares of the medical instruments supplier’s stock valued at $456,000 after purchasing an additional 41 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Mettler-Toledo International in the third quarter valued at approximately $2,845,000. PNC Financial Services Group Inc. raised its holdings in Mettler-Toledo International by 10.4% in the third quarter. PNC Financial Services Group Inc. now owns 7,883 shares of the medical instruments supplier’s stock valued at $11,822,000 after acquiring an additional 741 shares in the last quarter. Commerce Bank grew its holdings in Mettler-Toledo International by 17.8% during the 3rd quarter. Commerce Bank now owns 3,139 shares of the medical instruments supplier’s stock worth $4,708,000 after acquiring an additional 475 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Mettler-Toledo International by 3.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,278 shares of the medical instruments supplier’s stock valued at $1,917,000 after purchasing an additional 39 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MTD. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Robert W. Baird upped their price objective 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. Evercore ISI increased their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Finally, Citigroup dropped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. 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’s stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and a consensus price target of $1,380.50.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christian Magloth sold 790 shares of the company’s 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 transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Trading Down 1.6 %

MTD stock opened at $1,200.33 on Friday. The business has a 50 day simple moving average of $1,293.03 and a 200-day simple moving average of $1,312.51. The company has a market capitalization of $25.11 billion, a P/E ratio of 29.62, a PEG ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve 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, topping 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%. Research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal 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.