HM Payson & Co. Decreases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

HM Payson & Co. cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 530 shares of the medical instruments supplier’s stock after selling 11 shares during the quarter. HM Payson & Co.’s holdings in Mettler-Toledo International were worth $649,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MTD. QRG Capital Management Inc. raised its stake in shares of Mettler-Toledo International by 9.1% during the third quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier’s stock worth $573,000 after acquiring an additional 32 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Mettler-Toledo International during the third quarter worth approximately $1,428,000. Applied Finance Capital Management LLC raised its stake in shares of Mettler-Toledo International by 2,952.5% during the third quarter. Applied Finance Capital Management LLC now owns 15,629 shares of the medical instruments supplier’s stock worth $23,439,000 after acquiring an additional 15,117 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Mettler-Toledo International by 18.8% in the third quarter. Verdence Capital Advisors LLC now owns 202 shares of the medical instruments supplier’s stock worth $303,000 after buying an additional 32 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Mettler-Toledo International by 14.1% in the third quarter. Assetmark Inc. now owns 437 shares of the medical instruments supplier’s stock worth $655,000 after buying an additional 54 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction on Monday, February 24th. The shares were 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 in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the business’s stock in a transaction on 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 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 disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of several analyst reports. 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 on the stock in a research note on Monday, November 11th. Citigroup decreased their target price 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. Robert W. Baird lifted their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,380.50.

Mettler-Toledo International Trading Up 1.6 %

Shares of Mettler-Toledo International stock opened at $1,292.69 on Friday. The company’s fifty day simple moving average is $1,293.77 and its two-hundred day simple moving average is $1,324.10. The company has a market cap of $27.04 billion, a P/E ratio of 31.89, a PEG ratio of 3.30 and a beta of 1.15. 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 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 predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Mettler-Toledo International Company 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.