Schroder Investment Management Group Sells 6,699 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Schroder Investment Management Group lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 20.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,433 shares of the medical instruments supplier’s stock after selling 6,699 shares during the period. Schroder Investment Management Group owned about 0.12% of Mettler-Toledo International worth $30,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Personal CFO Solutions LLC lifted its holdings in Mettler-Toledo International by 2.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier’s stock worth $523,000 after buying an additional 10 shares during the period. Legacy Wealth Asset Management LLC increased its position in Mettler-Toledo International by 2.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 568 shares of the medical instruments supplier’s stock valued at $689,000 after buying an additional 11 shares in the last quarter. Clarius Group LLC increased its holdings in Mettler-Toledo International by 4.4% during the 4th quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock worth $319,000 after purchasing an additional 11 shares in the last quarter. OneAscent Financial Services LLC increased its holdings in Mettler-Toledo International by 3.6% during the 4th quarter. OneAscent Financial Services LLC now owns 343 shares of the medical instruments supplier’s stock worth $416,000 after purchasing an additional 12 shares in the last quarter. Finally, MV Capital Management Inc. increased its holdings in 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 purchasing an additional 13 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,438.58 on Monday. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,535.86. The company has a market cap of $30.73 billion, a PE ratio of 40.34, a P/E/G ratio of 3.86 and a beta of 1.20. The stock’s 50-day moving average is $1,348.46 and its 200 day moving average is $1,257.36.

Mettler-Toledo International (NYSE:MTDGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, beating the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The business had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. During the same period in the previous year, the firm posted $8.69 EPS. The business’s revenue was down .3% on a year-over-year basis. Analysts expect that Mettler-Toledo International Inc. will post 40.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTD has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Evercore ISI increased their price target on 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. Citigroup increased their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research report on Monday, May 13th. Robert W. Baird increased their price target on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Stifel Nicolaus increased their price target on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,256.25.

Get Our Latest Stock Analysis on Mettler-Toledo International

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Mettler-Toledo International news, insider Christian Magloth sold 1,100 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,079,691.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $7,160,041.98. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock worth $4,871,849 in the last three months. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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