Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,123 shares of the medical instruments supplier’s stock after selling 508 shares during the period. Mackenzie Financial Corp’s holdings in Mettler-Toledo International were worth $2,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. raised its position in shares of Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC acquired a new stake in Mettler-Toledo International during the fourth quarter worth approximately $27,000. Allworth Financial LP lifted its position in shares of Mettler-Toledo International by 100.0% during the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after buying an additional 16 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the 3rd quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Mettler-Toledo International by 51.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 50 shares of the medical instruments supplier’s stock valued at $55,000 after buying an additional 17 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,199.46 on Tuesday. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,574.26. The firm has a 50-day simple moving average of $1,269.81 and a 200-day simple moving average of $1,172.97. The company has a market capitalization of $25.65 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of research reports. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. One research 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,233.25.

Insider Buying and Selling

In other Mettler-Toledo International 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the sale, the director now owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 400 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock valued at $1,170,256 over the last three months. 1.94% of the stock is currently owned by company insiders.

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.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.