Vontobel Holding Ltd. Sells 1,731 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Vontobel Holding Ltd. reduced its position in Mettler-Toledo International Inc. (NYSE:MTD) by 21.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,387 shares of the medical instruments supplier’s stock after selling 1,731 shares during the quarter. Vontobel Holding Ltd.’s holdings in Mettler-Toledo International were worth $7,816,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International in the 3rd quarter valued at about $37,000. Raleigh Capital Management Inc. increased its holdings in Mettler-Toledo International by 272.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $61,000 after buying an additional 30 shares during the period. Sound Income Strategies LLC increased its holdings in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after buying an additional 45 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Mettler-Toledo International by 60.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock valued at $72,000 after buying an additional 18 shares during the period. 95.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MTD. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Stifel Nicolaus decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. 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, Evercore ISI lifted their price target on shares of 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $1,368.00.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,273.44 on Friday. The firm’s 50 day simple moving average is $1,284.29 and its 200 day simple moving average is $1,339.88. 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 $26.87 billion, a PE ratio of 31.42, a P/E/G ratio of 4.80 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping 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 564.51%. Equities research analysts expect that Mettler-Toledo International Inc. will post 41.94 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.