Fort L.P. lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61 shares of the medical instruments supplier’s stock after selling 18 shares during the period. Fort L.P.’s holdings in Mettler-Toledo International were worth $35,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Mettler-Toledo International by 10.8% during the third quarter. Victory Capital Management Inc. now owns 7,074 shares of the medical instruments supplier’s stock valued at $4,308,000 after buying an additional 692 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Mettler-Toledo International by 14.9% during the third quarter. Private Advisor Group LLC now owns 1,554 shares of the medical instruments supplier’s stock valued at $946,000 after buying an additional 201 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Mettler-Toledo International by 24.2% during the third quarter. Wells Fargo & Company MN now owns 56,396 shares of the medical instruments supplier’s stock valued at $34,344,000 after buying an additional 10,993 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Mettler-Toledo International by 19.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,092 shares of the medical instruments supplier’s stock valued at $665,000 after buying an additional 178 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Mettler-Toledo International by 197.5% during the third quarter. Janney Montgomery Scott LLC now owns 1,169 shares of the medical instruments supplier’s stock valued at $712,000 after buying an additional 776 shares during the last quarter. 95.12% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on MTD shares. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $742.00 price target on the stock in a report on Tuesday, February 12th. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Bank of America cut Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 target price on the stock. in a report on Thursday, January 3rd. Finally, Evercore ISI cut Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a report on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $615.84.

In other Mettler-Toledo International news, CEO Oliver A. Filliol sold 17,000 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $666.64, for a total value of $11,332,880.00. Following the transaction, the chief executive officer now owns 33,279 shares of the company’s stock, valued at $22,185,112.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gerry Keller sold 250 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $664.50, for a total value of $166,125.00. Following the completion of the transaction, the insider now directly owns 404 shares in the company, valued at approximately $268,458. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,995 shares of company stock worth $100,997,450. 4.80% of the stock is owned by corporate insiders.

Shares of NYSE:MTD opened at $708.58 on Friday. Mettler-Toledo International Inc. has a 12 month low of $500.74 and a 12 month high of $709.58. The company has a market cap of $17.32 billion, a P/E ratio of 34.87, a PEG ratio of 2.35 and a beta of 1.34. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 1.67.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 7th. The medical instruments supplier reported $6.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $6.74 by $0.11. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The firm had revenue of $817.92 million for the quarter, compared to analysts’ expectations of $807.58 million. During the same quarter in the previous year, the company earned $5.97 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 22.65 earnings per share for the current fiscal year.

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Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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