Westfield Capital Management Co. LP Cuts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Westfield Capital Management Co. LP reduced its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,448 shares of the medical instruments supplier’s stock after selling 1,478 shares during the period. Westfield Capital Management Co. LP’s holdings in Mettler-Toledo International were worth $4,182,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MTD. MV Capital Management Inc. increased its stake in Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after buying an additional 13 shares during the period. CVA Family Office LLC purchased a new stake in Mettler-Toledo International during the 4th quarter worth approximately $27,000. MCF Advisors LLC increased its stake in Mettler-Toledo International by 285.7% during the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after buying an additional 20 shares during the period. Allworth Financial LP increased its position in shares of Mettler-Toledo International by 100.0% in the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the 3rd quarter valued at approximately $43,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 310 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total transaction of $468,583.60. Following the completion of the sale, the insider now owns 6 shares of the company’s stock, valued at approximately $9,069.36. The disclosure for this sale can be found here. Insiders sold a total of 3,678 shares of company stock worth $5,383,341 in the last 90 days. Company insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MTD. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Stifel Nicolaus increased their price objective on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research report on Monday, May 13th. 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. Citigroup increased their target price on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research report on Monday, May 13th. Finally, Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,257.14.

Mettler-Toledo International Stock Up 0.0 %

NYSE:MTD traded up $0.23 during trading hours on Friday, reaching $1,479.53. 103,322 shares of the company’s stock were exchanged, compared to its average volume of 155,114. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 41.49, a P/E/G ratio of 3.97 and a beta of 1.16. The company has a 50-day moving average of $1,326.68 and a 200 day moving average of $1,229.29. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The firm had revenue of $925.95 million during the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. Mettler-Toledo International’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.69 EPS. Research analysts forecast that Mettler-Toledo International Inc. will post 40.12 EPS for the current fiscal year.

Mettler-Toledo International 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.