Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC reduced its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 580 shares of the medical instruments supplier’s stock after selling 14 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Mettler-Toledo International were worth $710,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Alliancebernstein L.P. grew its position in shares of Mettler-Toledo International by 9.9% in the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier’s stock valued at $713,627,000 after buying an additional 52,726 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Mettler-Toledo International by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier’s stock worth $682,340,000 after purchasing an additional 11,032 shares during the last quarter. Norges Bank acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $372,954,000. Principal Financial Group Inc. lifted its holdings in shares of Mettler-Toledo International by 13.9% in the 4th quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock valued at $335,977,000 after purchasing an additional 33,456 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Mettler-Toledo International by 8.3% in the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier’s stock valued at $384,822,000 after purchasing an additional 19,609 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 1.2 %

Shares of NYSE:MTD opened at $1,004.72 on Friday. The company has a 50-day moving average price of $1,185.43 and a 200 day moving average price of $1,259.95. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The company has a market cap of $20.94 billion, a P/E ratio of 24.79, a PEG ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on MTD. Wells Fargo & Company cut their price target on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating on the stock in a research report on Thursday. Robert W. Baird increased 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. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective on the stock in a research note on Monday, April 7th. Finally, Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and a consensus target price of $1,346.13.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 6 shares of the company’s stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christian Magloth sold 790 shares of the company’s stock in a transaction on 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 owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

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.