Peak Financial Advisors LLC Decreases Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Peak Financial Advisors LLC cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 58.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 859 shares of the medical instruments supplier’s stock after selling 1,221 shares during the quarter. Peak Financial Advisors LLC’s holdings in Mettler-Toledo International were worth $1,051,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Mettler-Toledo International by 19.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 38,717 shares of the medical instruments supplier’s stock worth $47,377,000 after buying an additional 6,387 shares during the period. Oak Thistle LLC lifted its stake in Mettler-Toledo International by 21.9% during the 4th quarter. Oak Thistle LLC now owns 719 shares of the medical instruments supplier’s stock valued at $880,000 after acquiring an additional 129 shares during the period. Signal Advisors Wealth LLC boosted its holdings in shares of Mettler-Toledo International by 11.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 503 shares of the medical instruments supplier’s stock valued at $615,000 after acquiring an additional 50 shares during the last quarter. Tealwood Asset Management Inc. acquired a new stake in shares of Mettler-Toledo International in the fourth quarter worth $404,000. Finally, Clean Yield Group raised its holdings in shares of Mettler-Toledo International by 7.1% during the fourth quarter. Clean Yield Group now owns 227 shares of the medical instruments supplier’s stock worth $278,000 after purchasing an additional 15 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the sale, the director now directly owns 240 shares of the company’s stock, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gerry Keller sold 140 shares of the stock in a transaction 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 completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating on the stock. Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Finally, Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,351.25.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,270.91 on Wednesday. The stock has a market capitalization of $26.82 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 4.21 and a beta of 1.12. The business has a 50 day simple moving average of $1,246.46 and a 200-day simple moving average of $1,345.43. Mettler-Toledo International Inc. has a 12 month low of $1,133.46 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Mettler-Toledo International Profile

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.