Ownership Capital B.V. Reduces Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Ownership Capital B.V. reduced its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 20.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 103,507 shares of the medical instruments supplier's stock after selling 26,258 shares during the period. Mettler-Toledo International comprises 2.8% of Ownership Capital B.V.'s holdings, making the stock its 17th largest position. Ownership Capital B.V. owned about 0.48% of Mettler-Toledo International worth $125,550,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. K.J. Harrison & Partners Inc bought a new position in Mettler-Toledo International in the 4th quarter valued at about $1,213,000. Wolverine Asset Management LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at about $485,000. GAMMA Investing LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at about $135,000. Larson Financial Group LLC raised its holdings in Mettler-Toledo International by 109.4% in the 4th quarter. Larson Financial Group LLC now owns 111 shares of the medical instruments supplier's stock valued at $135,000 after acquiring an additional 58 shares during the period. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Mettler-Toledo International by 10.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,349 shares of the medical instruments supplier's stock worth $12,553,000 after purchasing an additional 977 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an "in-line" rating in a report on Thursday, April 4th. StockNews.com cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1,233.25.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded up $5.18 during trading hours on Friday, hitting $1,238.09. 94,952 shares of the stock were exchanged, compared to its average volume of 107,112. The company has a market cap of $26.48 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 3.37 and a beta of 1.15. The company's fifty day simple moving average is $1,274.38 and its two-hundred day simple moving average is $1,176.53. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,525.14.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.32 by ($0.92). The firm 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%. The business's revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $12.10 EPS. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders have sold 951 shares of company stock worth $1,170,256 over the last quarter. Corporate insiders own 1.94% of the company's stock.

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.