Federated Hermes Inc. Has $7.82 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Federated Hermes Inc. cut its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,446 shares of the medical instruments supplier’s stock after selling 111 shares during the period. Federated Hermes Inc.’s holdings in Mettler-Toledo International were worth $7,819,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have recently commented on MTD shares. StockNews.com lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,233.25.

Mettler-Toledo International Stock Down 0.5 %

MTD stock opened at $1,235.37 on Thursday. The business has a 50 day moving average price of $1,272.58 and a two-hundred day moving average price of $1,174.53. The company has a market cap of $26.42 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 3.39 and a beta of 1.15. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,565.00.

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 the consensus estimate of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.10 earnings per share. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the completion of the transaction, the director now directly owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $5,950,018.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The disclosure for this sale can be found here. In the last three months, insiders sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is owned by company insiders.

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.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.