Russell Investments Group Ltd. Sells 1,004 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Russell Investments Group Ltd. lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,499 shares of the medical instruments supplier's stock after selling 1,004 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.33% of Mettler-Toledo International worth $86,854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTD. AE Wealth Management LLC increased its position in Mettler-Toledo International by 13.3% during the 3rd quarter. AE Wealth Management LLC now owns 187 shares of the medical instruments supplier's stock valued at $207,000 after purchasing an additional 22 shares during the period. Exchange Traded Concepts LLC increased its position in Mettler-Toledo International by 45.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 292 shares of the medical instruments supplier's stock valued at $324,000 after purchasing an additional 91 shares during the period. Koshinski Asset Management Inc. acquired a new stake in Mettler-Toledo International during the 3rd quarter valued at approximately $219,000. Czech National Bank increased its position in Mettler-Toledo International by 46.6% during the 3rd quarter. Czech National Bank now owns 3,821 shares of the medical instruments supplier's stock valued at $4,234,000 after purchasing an additional 1,214 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Mettler-Toledo International by 8.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 16,777 shares of the medical instruments supplier's stock valued at $18,590,000 after purchasing an additional 1,366 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $5.18 during trading hours on Friday, hitting $1,238.09. 94,952 shares of the company were exchanged, compared to its average volume of 107,112. The company has a 50 day simple moving average of $1,274.38 and a two-hundred day simple moving average of $1,177.02. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,525.14. The firm has a market cap of $26.48 billion, a P/E ratio of 34.50, a P/E/G ratio of 3.38 and a beta of 1.15.

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). Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. During the same period in the previous year, the business posted $12.10 EPS. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, 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 value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the transaction, the director now directly owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $5,950,018.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MTD. Evercore ISI increased their target price on shares of 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 downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $1,233.25.

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.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.