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

Sentry Investment Management LLC lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115 shares of the medical instruments supplier’s stock after selling 12 shares during the period. Sentry Investment Management LLC’s holdings in Mettler-Toledo International were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. MV Capital Management Inc. lifted its holdings in shares of Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares during the period. CVA Family Office LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth $27,000. Gladius Capital Management LP acquired a new stake in shares of Mettler-Toledo International in the third quarter valued at about $27,000. Ancora Advisors LLC lifted its stake in shares of Mettler-Toledo International by 100.0% in the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 10 shares during the period. Finally, VitalStone Financial LLC purchased a new stake in Mettler-Toledo International during the first quarter worth about $37,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the sale, the director now owns 316 shares in the company, valued at $372,042.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. In the last three months, insiders sold 951 shares of company stock worth $1,170,256. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,198.03 on Thursday. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,615.97. The firm has a market cap of $25.63 billion, a P/E ratio of 33.38, a PEG ratio of 3.35 and a beta of 1.15. The stock’s 50 day moving average price is $1,269.99 and its 200 day moving average price is $1,170.02.

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 company had revenue of $934.90 million for the quarter, compared to analysts’ expectations of $959.45 million. During the same quarter in the prior year, the business posted $12.10 EPS. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, research analysts predict that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTD. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Sunday, March 31st. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three 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 price target of $1,233.25.

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.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.