Vinva Investment Management Ltd Reduces Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Vinva Investment Management Ltd decreased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,705 shares of the medical instruments supplier’s stock after selling 659 shares during the quarter. Vinva Investment Management Ltd’s holdings in Mettler-Toledo International were worth $2,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Generali Asset Management SPA SGR purchased a new position in shares of Mettler-Toledo International in the fourth quarter worth approximately $1,512,000. Axxcess Wealth Management LLC raised its stake in Mettler-Toledo International by 6.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 870 shares of the medical instruments supplier’s stock worth $1,065,000 after acquiring an additional 55 shares during the period. Cibc World Markets Corp raised its stake in Mettler-Toledo International by 13.0% during the 4th quarter. Cibc World Markets Corp now owns 3,315 shares of the medical instruments supplier’s stock worth $4,056,000 after acquiring an additional 382 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Mettler-Toledo International by 5.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 513 shares of the medical instruments supplier’s stock worth $628,000 after acquiring an additional 28 shares during the period. Finally, Frank Rimerman Advisors LLC raised its stake in Mettler-Toledo International by 7.4% during the 4th quarter. Frank Rimerman Advisors LLC now owns 408 shares of the medical instruments supplier’s stock worth $499,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MTD shares. Citigroup decreased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating on the stock. Robert W. Baird raised their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Wells Fargo & Company raised their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Finally, Evercore ISI lifted their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,380.50.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction 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. The trade was a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,200.33 on Friday. The firm’s 50 day moving average price is $1,293.03 and its 200-day moving average price is $1,312.51. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The stock has a market cap of $25.11 billion, a P/E ratio of 29.62, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current 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.