Legacy Private Trust Co. Sells 315 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Legacy Private Trust Co. cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 16.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,584 shares of the medical instruments supplier's stock after selling 315 shares during the quarter. Legacy Private Trust Co.'s holdings in Mettler-Toledo International were worth $1,871,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth about $372,954,000. Proficio Capital Partners LLC purchased a new position in Mettler-Toledo International in the fourth quarter worth about $163,216,000. T. Rowe Price Investment Management Inc. grew its position in Mettler-Toledo International by 36.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock worth $444,327,000 after acquiring an additional 96,300 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier's stock worth $262,211,000 after acquiring an additional 74,187 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its position in Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier's stock valued at $87,705,000 after purchasing an additional 69,490 shares during the period. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Down 1.4%

MTD traded down $16.85 on Friday, reaching $1,156.33. 317,154 shares of the company traded hands, compared to its average volume of 150,406. The company has a market cap of $24.03 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The firm has a fifty day simple moving average of $1,093.82 and a two-hundred day simple moving average of $1,205.75.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The firm had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. During the same quarter in the previous year, the firm posted $8.89 earnings per share. The company's revenue was down 4.6% on a year-over-year basis. On average, equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, the director now owns 120 shares in the company, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.94% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on MTD. Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Evercore ISI lifted their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Robert W. Baird lowered their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a report on Monday, April 7th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $1,302.11.

About Mettler-Toledo International

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.