Mettler-Toledo International, Inc. $MTD Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. cut its stake in Mettler-Toledo by 7.7% in 4Q, selling 13,995 shares and leaving it with 167,872 shares (about 0.82%) valued at roughly $234.0 million, while institutional investors collectively own about 95.07% of the stock.
• CFO Shawn Vadala sold 800 shares on Feb. 10 at an average price of $1,410.12 for $1.13 million, reducing his ownership by 13.14%; company insiders now hold about 0.71% of the shares.
• Mettler-Toledo beat quarterly estimates (EPS $13.36 vs. $12.76; revenue $1.13B vs. $1.10B, revenue +8.1% YoY), and analysts have a consensus of a Moderate Buy with an average price target of $1,463.75 amid mixed recent revisions.

Massachusetts Financial Services Co. MA reduced its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,872 shares of the medical instruments supplier's stock after selling 13,995 shares during the period. Massachusetts Financial Services Co. MA owned about 0.82% of Mettler-Toledo International worth $234,045,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MTD. Rakuten Investment Management Inc. acquired a new stake in Mettler-Toledo International in the third quarter valued at approximately $121,021,000. Alliancebernstein L.P. grew its holdings in Mettler-Toledo International by 10.7% in the third quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier's stock valued at $974,633,000 after purchasing an additional 76,478 shares during the period. Corient Private Wealth LLC grew its holdings in Mettler-Toledo International by 91.8% in the second quarter. Corient Private Wealth LLC now owns 140,267 shares of the medical instruments supplier's stock valued at $164,775,000 after purchasing an additional 67,149 shares during the period. Thrivent Financial for Lutherans grew its holdings in Mettler-Toledo International by 752.2% in the third quarter. Thrivent Financial for Lutherans now owns 73,586 shares of the medical instruments supplier's stock valued at $90,335,000 after purchasing an additional 64,951 shares during the period. Finally, Bank of America Corp DE grew its holdings in Mettler-Toledo International by 56.8% in the third quarter. Bank of America Corp DE now owns 128,116 shares of the medical instruments supplier's stock valued at $157,276,000 after purchasing an additional 46,402 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 800 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the transaction, the chief financial officer owned 5,288 shares in the company, valued at approximately $7,456,714.56. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on MTD. Morgan Stanley dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 10th. Jefferies Financial Group raised Mettler-Toledo International from a "hold" rating to a "buy" rating and raised their price objective for the company from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the company an "equal weight" rating in a report on Monday, December 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of Mettler-Toledo International in a report on Monday, December 29th. Finally, Barclays decreased their target price on Mettler-Toledo International from $1,600.00 to $1,550.00 and set an "overweight" rating on the stock in a research report on Monday, December 15th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,463.75.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,323.27 on Monday. The company has a market cap of $26.80 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 2.78 and a beta of 1.43. The stock's 50 day simple moving average is $1,301.75 and its 200-day simple moving average is $1,365.91. Mettler-Toledo International, Inc. has a 1-year low of $962.54 and a 1-year high of $1,525.17.

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

Mettler-Toledo International Company Profile

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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