Mettler-Toledo International Inc. (NYSE:MTD) Stock Holdings Cut by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 76.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 999 shares of the medical instruments supplier's stock after selling 3,169 shares during the period. Cresset Asset Management LLC's holdings in Mettler-Toledo International were worth $1,222,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MTD. Cubist Systematic Strategies LLC acquired a new stake in Mettler-Toledo International in the fourth quarter valued at $8,225,000. Cetera Investment Advisers grew its stake in Mettler-Toledo International by 8.7% in the 4th quarter. Cetera Investment Advisers now owns 1,075 shares of the medical instruments supplier's stock valued at $1,315,000 after acquiring an additional 86 shares during the last quarter. BlueSpruce Investments LP purchased a new stake in Mettler-Toledo International in the 4th quarter valued at approximately $514,000. Brevan Howard Capital Management LP raised its holdings in shares of Mettler-Toledo International by 53.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 2,220 shares of the medical instruments supplier's stock worth $2,717,000 after acquiring an additional 771 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Mettler-Toledo International by 11.6% during the fourth quarter. Captrust Financial Advisors now owns 656 shares of the medical instruments supplier's stock valued at $802,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Trading Up 2.5%

NYSE:MTD traded up $27.89 during mid-day trading on Thursday, hitting $1,145.70. The company had a trading volume of 287,528 shares, compared to its average volume of 146,435. The business has a fifty day simple moving average of $1,111.73 and a 200-day simple moving average of $1,220.67. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The firm has a market capitalization of $23.81 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. The firm had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Mettler-Toledo International's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.89 EPS. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on MTD. Robert W. Baird decreased their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Wells Fargo & Company raised their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research report on Monday, April 7th. Finally, Evercore ISI lifted their price target on shares of 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. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $1,296.13.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was 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 approximately $964,248.46. The trade was a 51.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International 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.