Private Trust Co. NA Has $508,000 Stock Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Private Trust Co. NA trimmed its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 39.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 430 shares of the medical instruments supplier's stock after selling 275 shares during the quarter. Private Trust Co. NA's holdings in Mettler-Toledo International were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in Mettler-Toledo International by 54.9% during the fourth quarter. Jones Financial Companies Lllp now owns 175 shares of the medical instruments supplier's stock worth $214,000 after acquiring an additional 62 shares during the period. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International during the fourth quarter worth about $33,000. Steward Partners Investment Advisory LLC grew its holdings in Mettler-Toledo International by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock worth $374,000 after acquiring an additional 9 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Mettler-Toledo International by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,263 shares of the medical instruments supplier's stock worth $172,861,000 after acquiring an additional 2,262 shares during the period. Finally, Keybank National Association OH grew its holdings in Mettler-Toledo International by 26.2% during the fourth quarter. Keybank National Association OH now owns 636 shares of the medical instruments supplier's stock worth $778,000 after acquiring an additional 132 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Down 1.7%

NYSE:MTD traded down $20.80 on Monday, hitting $1,188.28. 121,746 shares of the company's stock traded hands, compared to its average volume of 150,125. The company has a market cap of $24.69 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 3.72 and a beta of 1.37. 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 50-day moving average price of $1,150.84 and a 200-day moving average price of $1,195.82.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.90 by $0.29. The business had revenue of $883.74 million during the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The firm's revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $8.89 EPS. On average, research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MTD. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Bank of America lifted their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Wells Fargo & Company lifted 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. Robert W. Baird dropped their price target on 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. Finally, Barclays assumed coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and an average target price of $1,300.36.

Insiders Place Their Bets

In related news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the sale, the director directly owned 120 shares in the company, valued at approximately $139,191.60. The trade was a 89.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.77% of the company's stock.

Mettler-Toledo International Company 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.