Zurcher Kantonalbank Zurich Cantonalbank Sells 4,988 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 48.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,257 shares of the medical instruments supplier’s stock after selling 4,988 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mettler-Toledo International were worth $6,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. Cambridge Investment Research Advisors Inc. increased its stake in Mettler-Toledo International by 8.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 176 shares of the medical instruments supplier’s stock valued at $242,000 after acquiring an additional 13 shares during the period. Raymond James Trust N.A. grew its stake in shares of Mettler-Toledo International by 19.7% in the 1st quarter. Raymond James Trust N.A. now owns 176 shares of the medical instruments supplier’s stock valued at $242,000 after purchasing an additional 29 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Mettler-Toledo International by 48.9% in the 1st quarter. Vontobel Holding Ltd. now owns 834 shares of the medical instruments supplier’s stock valued at $1,172,000 after purchasing an additional 274 shares during the period. Sei Investments Co. grew its stake in shares of Mettler-Toledo International by 4.2% in the 1st quarter. Sei Investments Co. now owns 16,305 shares of the medical instruments supplier’s stock valued at $21,817,000 after purchasing an additional 662 shares during the period. Finally, Prudential PLC bought a new stake in shares of Mettler-Toledo International in the 1st quarter valued at approximately $626,000. 95.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTD. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday. Evercore ISI upped their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and an average target price of $1,233.25.

Mettler-Toledo International Stock Down 0.3 %

MTD stock opened at $1,188.54 on Friday. The business’s fifty day moving average is $1,269.63 and its 200-day moving average is $1,171.55. The company has a market cap of $25.42 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,577.91.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $12.10 EPS. Research analysts anticipate that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock worth $1,170,256 in the last quarter. Corporate 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.