North Point Portfolio Managers Corp OH Cuts Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

North Point Portfolio Managers Corp OH reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,180 shares of the medical instruments supplier’s stock after selling 86 shares during the quarter. Mettler-Toledo International makes up 2.0% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 27th largest holding. North Point Portfolio Managers Corp OH’s holdings in Mettler-Toledo International were worth $11,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. boosted its position in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Mettler-Toledo International during the 3rd quarter worth approximately $37,000. Sound Income Strategies LLC raised its holdings in shares of Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after purchasing an additional 45 shares during the period. Raleigh Capital Management Inc. lifted its stake in Mettler-Toledo International by 272.7% in the third quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $61,000 after purchasing an additional 30 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Mettler-Toledo International by 60.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock valued at $72,000 after purchasing an additional 18 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 140 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at $7,524.54. This trade represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,330.84 on Monday. Mettler-Toledo International Inc. has a 52-week low of $1,133.46 and a 52-week high of $1,546.93. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 4.19 and a beta of 1.12. The stock has a fifty day moving average of $1,250.00 and a 200 day moving average of $1,343.64.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Equities analysts forecast that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MTD. Evercore ISI raised Mettler-Toledo International from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Robert W. Baird lowered their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company lowered their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,351.25.

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.