Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,395 shares of the medical instruments supplier’s stock after selling 167 shares during the quarter. Yousif Capital Management LLC’s holdings in Mettler-Toledo International were worth $4,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northern Trust Corp raised its position in shares of Mettler-Toledo International by 1.2% during the 3rd quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock worth $309,313,000 after purchasing an additional 3,371 shares during the period. Morgan Stanley raised its stake in Mettler-Toledo International by 9.6% during the 3rd quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock valued at $296,041,000 after acquiring an additional 23,305 shares in the last quarter. Barclays PLC raised its stake in Mettler-Toledo International by 4.1% during the 3rd quarter. Barclays PLC now owns 225,239 shares of the medical instruments supplier’s stock valued at $249,580,000 after acquiring an additional 8,933 shares in the last quarter. Impax Asset Management Group plc raised its stake in Mettler-Toledo International by 6.6% during the 4th quarter. Impax Asset Management Group plc now owns 192,857 shares of the medical instruments supplier’s stock valued at $233,928,000 after acquiring an additional 11,880 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Mettler-Toledo International by 38.6% during the 3rd quarter. American Century Companies Inc. now owns 145,911 shares of the medical instruments supplier’s stock valued at $161,680,000 after acquiring an additional 40,599 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Evercore ISI lifted 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two 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 an average target price of $1,233.25.

Mettler-Toledo International Stock Performance

MTD opened at $1,238.09 on Friday. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,525.14. The stock’s fifty day moving average is $1,274.38 and its 200-day moving average is $1,175.98. The company has a market capitalization of $26.48 billion, a PE ratio of 34.50, a P/E/G ratio of 3.37 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The firm had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. During the same period in the prior year, the firm posted $12.10 EPS. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christian Magloth sold 400 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 951 shares of company stock valued at $1,170,256. Corporate insiders own 1.94% of the company’s stock.

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.