Mettler-Toledo International Inc. (NYSE:MTD) Stake Cut by Venturi Wealth Management LLC

Venturi Wealth Management LLC reduced its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 71.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109 shares of the medical instruments supplier’s stock after selling 275 shares during the period. Venturi Wealth Management LLC’s holdings in Mettler-Toledo International were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Huntington National Bank lifted its stake in Mettler-Toledo International by 20.0% in the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after acquiring an additional 9 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Mettler-Toledo International by 2.0% during the 3rd quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock valued at $693,000 after acquiring an additional 9 shares during the last quarter. M3 Advisory Group LLC increased its holdings in shares of Mettler-Toledo International by 5.8% during the 4th quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock valued at $202,000 after acquiring an additional 9 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Mettler-Toledo International by 2.5% during the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock valued at $451,000 after acquiring an additional 9 shares during the last quarter. Finally, HM Payson & Co. increased its holdings in shares of Mettler-Toledo International by 2.1% during the 3rd quarter. HM Payson & Co. now owns 541 shares of the medical instruments supplier’s stock valued at $811,000 after acquiring an additional 11 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MTD. Evercore ISI increased their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Stifel Nicolaus decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Robert W. Baird raised their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,368.00.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,285.67 on Friday. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The stock’s 50-day moving average is $1,285.56 and its 200-day moving average is $1,333.50. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is currently owned by corporate 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.