Seilern Investment Management Ltd Cuts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Seilern Investment Management Ltd decreased its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 6.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,233 shares of the medical instruments supplier's stock after selling 4,679 shares during the period. Mettler-Toledo International makes up about 5.3% of Seilern Investment Management Ltd's holdings, making the stock its 11th biggest holding. Seilern Investment Management Ltd owned approximately 0.33% of Mettler-Toledo International worth $80,577,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in Mettler-Toledo International by 9.9% during the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock valued at $713,627,000 after buying an additional 52,726 shares during the period. Geode Capital Management LLC lifted its position in shares of Mettler-Toledo International by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock worth $682,340,000 after purchasing an additional 11,032 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Mettler-Toledo International by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 455,739 shares of the medical instruments supplier's stock worth $557,680,000 after purchasing an additional 25,873 shares during the period. GAMMA Investing LLC lifted its position in shares of Mettler-Toledo International by 131,246.3% in the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after purchasing an additional 385,864 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Mettler-Toledo International by 36.1% in the 4th 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. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Transactions at Mettler-Toledo International

In related news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the sale, the director now owns 120 shares in the company, valued at approximately $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and reduced their price objective for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a research note on Monday, April 7th. Robert W. Baird reduced their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI lifted their price target 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. Finally, Wall Street Zen lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of "Hold" and a consensus target price of $1,302.11.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,183.88 on Friday. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The company has a market capitalization of $24.60 billion, a P/E ratio of 29.21, a P/E/G ratio of 3.30 and a beta of 1.38. The firm's 50 day simple moving average is $1,092.37 and its two-hundred day simple moving average is $1,205.08.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $876.61 million. During the same quarter in the previous year, the firm earned $8.89 earnings per share. The company's quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

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.

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