Mettler-Toledo International, Inc. $MTD Shares Sold by Canoe Financial LP

Key Points

• Canoe Financial LP trimmed its stake in Mettler‑Toledo by 4.0% (sold 2,260 shares) and now owns 53,864 shares worth about $75.1 million, or roughly 0.26% of the company.
• CFO Shawn Vadala sold 800 shares at $1,410.12 (reducing his position by 13.14% to 5,288 shares), while insiders collectively own about 1.94% of the stock.
• Mettler‑Toledo beat quarterly estimates (EPS $13.36 vs $12.76; revenue $1.13B vs $1.10B) and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $1,463.75 amid mixed analyst updates.

Canoe Financial LP lessened its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,864 shares of the medical instruments supplier's stock after selling 2,260 shares during the period. Canoe Financial LP owned about 0.26% of Mettler-Toledo International worth $75,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in shares of Mettler-Toledo International by 42.1% during the 3rd quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier's stock worth $33,000 after buying an additional 8 shares during the period. SJS Investment Consulting Inc. grew its stake in Mettler-Toledo International by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the medical instruments supplier's stock valued at $34,000 after acquiring an additional 27 shares during the period. Salomon & Ludwin LLC acquired a new stake in Mettler-Toledo International in the 3rd quarter valued at $43,000. Root Financial Partners LLC purchased a new stake in Mettler-Toledo International in the 3rd quarter worth $42,000. Finally, Quantbot Technologies LP acquired a new position in Mettler-Toledo International during the third quarter worth $49,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Buying and Selling

In other Mettler-Toledo International news, CFO Shawn Vadala sold 800 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the transaction, the chief financial officer directly owned 5,288 shares of the company's stock, valued at $7,456,714.56. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,600.00 target price on the stock in a research report on Monday, December 15th. Barclays reduced their price target on shares of Mettler-Toledo International from $1,600.00 to $1,550.00 and set an "overweight" rating for the company in a research report on Monday, December 15th. Wall Street Zen upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. The Goldman Sachs Group initiated coverage on Mettler-Toledo International in a report on Tuesday, December 9th. They issued a "neutral" rating and a $1,475.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 10th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,463.75.

Mettler-Toledo International Stock Down 2.8%

Mettler-Toledo International stock opened at $1,234.22 on Friday. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,525.17. The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.58 and a beta of 1.43. The company has a fifty day simple moving average of $1,328.56 and a 200-day simple moving average of $1,364.02.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share for the quarter, topping the consensus estimate of $12.76 by $0.60. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $12.41 earnings per share. On average, research analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company's product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

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