Fiera Capital Corp Lowers Position in Mettler-Toledo International Inc. (NYSE:MTD)

Fiera Capital Corp decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,750 shares of the medical instruments supplier's stock after selling 20,061 shares during the quarter. Mettler-Toledo International accounts for approximately 1.6% of Fiera Capital Corp's portfolio, making the stock its 20th largest position. Fiera Capital Corp owned about 1.95% of Mettler-Toledo International worth $513,992,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Quadrant Capital Group LLC raised its position in Mettler-Toledo International by 24.8% during the fourth quarter. Quadrant Capital Group LLC now owns 161 shares of the medical instruments supplier's stock valued at $195,000 after purchasing an additional 32 shares in the last quarter. Kickstand Ventures LLC. bought a new stake in Mettler-Toledo International in the 4th quarter worth approximately $210,000. Baader Bank Aktiengesellschaft purchased a new stake in Mettler-Toledo International in the fourth quarter worth approximately $4,974,000. Torray Investment Partners LLC grew its position in Mettler-Toledo International by 3.0% during the fourth quarter. Torray Investment Partners LLC now owns 1,195 shares of the medical instruments supplier's stock valued at $1,449,000 after acquiring an additional 35 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Mettler-Toledo International by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,359 shares of the medical instruments supplier's stock worth $24,501,000 after acquiring an additional 901 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Down 0.5 %

Shares of MTD traded down $7.80 during mid-day trading on Friday, hitting $1,522.75. 142,115 shares of the company's stock traded hands, compared to its average volume of 143,914. The business's 50-day moving average price is $1,306.97 and its 200-day moving average price is $1,210.70. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,535.86. The firm has a market capitalization of $32.53 billion, a P/E ratio of 42.70, a PEG ratio of 4.13 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The business had revenue of $925.95 million during the quarter, compared to analyst estimates of $879.72 million. During the same period in the prior year, the business earned $8.69 EPS. The company's revenue for the quarter was down .3% on a year-over-year basis. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 310 shares of the firm's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at approximately $9,069.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Gerry Keller sold 310 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,511.56, for a total value of $468,583.60. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at approximately $9,069.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas P. Salice sold 1,268 shares of the business's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now directly owns 244 shares in the company, valued at approximately $363,603.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,678 shares of company stock worth $5,288,061. Company insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a report on Monday, April 29th. Evercore ISI boosted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an "in-line" rating in a research note on Thursday, April 4th. Citigroup increased their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a "sell" rating in a report on Monday. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a "buy" rating in a research report on Monday. Finally, Robert W. Baird increased their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a "neutral" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of "Hold" and a consensus price target of $1,257.14.

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.

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