Mettler-Toledo International, Inc. $MTD Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 53.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,286 shares of the medical instruments supplier’s stock after selling 10,649 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Mettler-Toledo International were worth $12,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MTD. Versant Capital Management Inc grew its position in shares of Mettler-Toledo International by 42.1% in the third quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 8 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Mettler-Toledo International by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the medical instruments supplier’s stock valued at $34,000 after acquiring an additional 27 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter worth $42,000. Salomon & Ludwin LLC acquired a new stake in Mettler-Toledo International during the third quarter worth about $43,000. Finally, Quantbot Technologies LP acquired a new stake in Mettler-Toledo International during the third quarter worth about $49,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the sale, the chief financial officer owned 5,288 shares of the company’s stock, valued at $7,456,714.56. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on MTD. The Goldman Sachs Group initiated coverage on Mettler-Toledo International in a research note on Tuesday, December 9th. They set a “neutral” rating and a $1,475.00 price objective for the company. Barclays reduced their price objective on shares of Mettler-Toledo International from $1,600.00 to $1,550.00 and set an “overweight” rating on the stock in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mettler-Toledo International in a research report on Monday, December 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, December 15th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,463.75.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,234.22 on Friday. The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 2.66 and a beta of 1.43. The stock has a fifty day moving average of $1,328.56 and a 200 day moving average of $1,363.48. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, February 6th. The medical instruments supplier reported $13.36 EPS for the quarter, beating the consensus estimate of $12.76 by $0.60. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company earned $12.41 EPS. The company’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.