Frontier Capital Management Co. LLC Has $43.45 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Frontier Capital Management Co. LLC trimmed its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,507 shares of the medical instruments supplier's stock after selling 2,210 shares during the period. Frontier Capital Management Co. LLC owned 0.17% of Mettler-Toledo International worth $43,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after acquiring an additional 8 shares during the period. M3 Advisory Group LLC lifted its holdings in shares of Mettler-Toledo International by 5.8% during the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock valued at $202,000 after acquiring an additional 9 shares during the period. Apollon Wealth Management LLC grew its stake in Mettler-Toledo International by 2.5% during the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock worth $451,000 after buying an additional 9 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Mettler-Toledo International by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock worth $374,000 after buying an additional 9 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Mettler-Toledo International by 0.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier's stock valued at $2,549,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Down 2.0 %

Shares of NYSE:MTD traded down $21.67 during trading on Friday, reaching $1,079.96. 133,782 shares of the company's stock traded hands, compared to its average volume of 145,671. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The firm has a market cap of $22.44 billion, a PE ratio of 26.65, a P/E/G ratio of 3.30 and a beta of 1.40. The company has a 50-day simple moving average of $1,118.64 and a 200-day simple moving average of $1,222.96.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird decreased their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price objective for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a report on Monday, April 7th. Wells Fargo & Company boosted their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, Evercore ISI lifted their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and an average target price of $1,296.13.

Insider Buying and Selling

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now owns 6 shares of the company's stock, valued at approximately $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

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.