Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Virtu Financial LLC

Virtu Financial LLC trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 31.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,504 shares of the medical instruments supplier’s stock after selling 687 shares during the period. Virtu Financial LLC’s holdings in Mettler-Toledo International were worth $1,824,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. D.A. Davidson & CO. increased its position in Mettler-Toledo International by 4.8% during the 3rd quarter. D.A. Davidson & CO. now owns 304 shares of the medical instruments supplier’s stock worth $337,000 after purchasing an additional 14 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Mettler-Toledo International by 23.8% in the 3rd quarter. Blair William & Co. IL now owns 1,150 shares of the medical instruments supplier’s stock valued at $1,274,000 after acquiring an additional 221 shares during the period. Rhumbline Advisers raised its stake in shares of Mettler-Toledo International by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 60,683 shares of the medical instruments supplier’s stock valued at $67,241,000 after acquiring an additional 1,411 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Mettler-Toledo International by 48.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,195 shares of the medical instruments supplier’s stock valued at $7,973,000 after acquiring an additional 2,340 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Mettler-Toledo International by 3.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 52,791 shares of the medical instruments supplier’s stock worth $58,908,000 after purchasing an additional 1,551 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,160,041.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas P. Salice sold 1,268 shares of the 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 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 sold 3,278 shares of company stock worth $4,871,849. 1.94% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MTD has been the topic of several research reports. Citigroup raised their price objective on 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. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Evercore ISI increased their price objective 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. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Stifel Nicolaus upped their target price on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1,256.25.

Mettler-Toledo International Price Performance

MTD traded down $19.70 during trading on Friday, hitting $1,454.74. The company had a trading volume of 117,284 shares, compared to its average volume of 139,572. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,535.86. The company has a market cap of $31.07 billion, a PE ratio of 40.79, a P/E/G ratio of 3.90 and a beta of 1.20. The business has a 50-day moving average of $1,362.37 and a 200-day moving average of $1,269.15.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.61 by $1.28. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.69 EPS. Research analysts forecast that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current 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.