WCM Investment Management LLC Trims Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

WCM Investment Management LLC decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 99.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,377 shares of the medical instruments supplier's stock after selling 923,662 shares during the period. WCM Investment Management LLC's holdings in Mettler-Toledo International were worth $2,912,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Mettler-Toledo International during the 4th quarter worth approximately $428,679,000. PineStone Asset Management Inc. increased its position in Mettler-Toledo International by 280.4% during the third quarter. PineStone Asset Management Inc. now owns 152,335 shares of the medical instruments supplier's stock worth $168,798,000 after buying an additional 112,291 shares in the last quarter. International Assets Investment Management LLC increased its position in Mettler-Toledo International by 109,458.1% during the fourth quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier's stock worth $82,392,000 after buying an additional 67,864 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Mettler-Toledo International by 26.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier's stock worth $471,369,000 after buying an additional 67,758 shares in the last quarter. Finally, Comgest Global Investors S.A.S. grew its position in shares of Mettler-Toledo International by 2,689.3% in the third quarter. Comgest Global Investors S.A.S. now owns 52,579 shares of the medical instruments supplier's stock valued at $58,261,000 after purchasing an additional 50,694 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTD. Evercore ISI boosted their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an "in-line" rating in a research report on Thursday, April 4th. StockNews.com upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Sunday, March 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,233.25.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at $938,587.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company's stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock worth $1,170,256 over the last quarter. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $17.45 during mid-day trading on Monday, hitting $1,243.62. 94,632 shares of the stock were exchanged, compared to its average volume of 141,998. The company has a market cap of $26.60 billion, a P/E ratio of 34.65, a PEG ratio of 3.44 and a beta of 1.15. The stock's fifty day simple moving average is $1,269.98 and its two-hundred day simple moving average is $1,168.98. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,615.97.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts' consensus estimates of $10.32 by ($0.92). The business had revenue of $934.90 million for the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. Mettler-Toledo International's revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $12.10 EPS. As a group, equities research analysts predict that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.