The Manufacturers Life Insurance Company trimmed its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,207 shares of the medical instruments supplier’s stock after selling 149 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Mettler-Toledo International were worth $16,855,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. USA Mutuals Advisors Inc. acquired a new stake in Mettler-Toledo International in the fourth quarter worth $101,000. Steward Partners Investment Advisory LLC acquired a new stake in Mettler-Toledo International in the third quarter worth $125,000. Quantbot Technologies LP acquired a new stake in Mettler-Toledo International in the third quarter worth $193,000. Lourd Capital LLC acquired a new stake in Mettler-Toledo International in the fourth quarter worth $211,000. Finally, Quadrant Private Wealth Management LLC acquired a new stake in Mettler-Toledo International in the fourth quarter worth $232,000. Institutional investors and hedge funds own 92.22% of the company’s stock.
Mettler-Toledo International Inc. (NYSE:MTD) opened at $636.10 on Monday. The stock has a market cap of $16,203.27, a PE ratio of 36.16, a PEG ratio of 2.63 and a beta of 1.08. Mettler-Toledo International Inc. has a twelve month low of $470.76 and a twelve month high of $697.26. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75.
In related news, insider La Guerroniere Marc De sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $640.00, for a total transaction of $1,920,000.00. Following the transaction, the insider now directly owns 3,000 shares of the company’s stock, valued at $1,920,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William P. Donnelly sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $612.35, for a total transaction of $3,674,100.00. Following the transaction, the executive vice president now directly owns 4,500 shares in the company, valued at $2,755,575. The disclosure for this sale can be found here. Insiders have sold 25,026 shares of company stock worth $15,615,321 over the last three months. 5.20% of the stock is owned by insiders.
A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Mettler-Toledo International from $550.00 to $580.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Robert W. Baird reduced their price objective on shares of Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $685.00 to $692.00 in a report on Friday, February 9th. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Evercore ISI assumed coverage on shares of Mettler-Toledo International in a report on Wednesday, January 3rd. They set an “in-line” rating and a $625.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Mettler-Toledo International has an average rating of “Buy” and a consensus price target of $651.44.
Mettler-Toledo International Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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