OneDigital Investment Advisors LLC Decreases Stake in Mettler-Toledo International Inc. (NYSE:MTD)

OneDigital Investment Advisors LLC lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 62.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 208 shares of the medical instruments supplier's stock after selling 348 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Mettler-Toledo International were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. Barclays PLC grew its stake in Mettler-Toledo International by 8.3% in the third quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock valued at $384,822,000 after purchasing an additional 19,609 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Mettler-Toledo International in the third quarter valued at about $111,000. Tidal Investments LLC grew its position in shares of Mettler-Toledo International by 1,073.6% during the 3rd quarter. Tidal Investments LLC now owns 16,407 shares of the medical instruments supplier's stock worth $24,606,000 after purchasing an additional 15,009 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in Mettler-Toledo International during the 3rd quarter worth $1,164,000. Finally, Retirement Systems of Alabama increased its position in shares of Mettler-Toledo International by 610.4% in the third quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier's stock worth $50,183,000 after purchasing an additional 28,752 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded down $14.22 during midday trading on Thursday, reaching $1,056.35. 248,513 shares of the company traded hands, compared to its average volume of 144,859. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The business has a 50 day moving average of $1,146.09 and a two-hundred day moving average of $1,238.73. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $8.89 earnings per share. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research firms have recently commented on MTD. Robert W. Baird lowered their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Citigroup raised 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 reduced their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI raised their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of "Hold" and a consensus target price of $1,304.25.

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.