Los Angeles Capital Management LLC Cuts Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Los Angeles Capital Management LLC reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 41.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313 shares of the medical instruments supplier’s stock after selling 220 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Mettler-Toledo International were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its position in shares of Mettler-Toledo International by 46.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 29,136 shares of the medical instruments supplier’s stock valued at $43,695,000 after buying an additional 9,306 shares in the last quarter. Donaldson Capital Management LLC increased its stake in Mettler-Toledo International by 2.2% in the third quarter. Donaldson Capital Management LLC now owns 3,182 shares of the medical instruments supplier’s stock valued at $4,772,000 after acquiring an additional 68 shares during the last quarter. National Pension Service raised its position in Mettler-Toledo International by 8.0% during the third quarter. National Pension Service now owns 34,039 shares of the medical instruments supplier’s stock valued at $51,048,000 after purchasing an additional 2,521 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Mettler-Toledo International by 4.6% during the third quarter. Asset Management One Co. Ltd. now owns 18,545 shares of the medical instruments supplier’s stock worth $27,812,000 after purchasing an additional 813 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Mettler-Toledo International by 9.1% in the 3rd quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier’s stock worth $573,000 after purchasing an additional 32 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. 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. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Finally, Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,368.00.

Insider Activity

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gerry Keller sold 600 shares of the company’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 value of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Down 0.3 %

Shares of Mettler-Toledo International stock opened at $1,269.44 on Tuesday. The firm has a market cap of $26.55 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The company’s fifty day simple moving average is $1,291.90 and its two-hundred day simple moving average is $1,327.92. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted 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%. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

About Mettler-Toledo International

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.