Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,133 shares of the medical instruments supplier’s stock after selling 194 shares during […] Wells Fargo & Company MN decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.1% during the 4th quarter. The firm owned 6,133 shares of the medical instruments supplier’s stock after selling 194 shares during the period. Principal Financial Group Inc. increased its holdings in shares by 65.4% in the fourth quarter. Norges Bank acquired a new position in Mettlers Bank during the same period worth approximately $320,847,000. iA Global Asset Management Inc. also increased its stake in shares. Several other institutional investors have also invested in the company.

Published : 10 months ago by Defense World Staff in Finance

Several other institutional investors also recently added to or reduced their stakes in MTD. Norges Bank acquired a new position in Mettler-Toledo International during the fourth quarter worth approximately $320,847,000. Principal Financial Group Inc. increased its holdings in shares of Mettler-Toledo International by 65.4% in the fourth quarter. Principal Financial Group Inc. now owns 241,219 shares of the medical instruments supplier’s stock valued at $292,589,000 after purchasing an additional 95,421 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Mettler-Toledo International by 109,458.1% in the fourth quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock valued at $82,392,000 after purchasing an additional 67,864 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of Mettler-Toledo International by 6,844.3% in the third quarter. iA Global Asset Management Inc. now owns 48,957 shares of the medical instruments supplier’s stock valued at $54,248,000 after purchasing an additional 48,252 shares during the period. Finally, Martin Currie Ltd. increased its holdings in shares of Mettler-Toledo International by 108.5% in the third quarter. Martin Currie Ltd. now owns 90,903 shares of the medical instruments supplier’s stock valued at $100,727,000 after purchasing an additional 47,306 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

A number of research analysts have recently issued reports on MTD shares. Citigroup boosted their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,256.25.

In other news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total value of $458,529.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the completion of the transaction, the director now directly owns 244 shares of the company’s stock, valued at $363,603.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total value of $458,529.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock valued at $4,871,849 over the last three months. 1.94% of the stock is currently owned by insiders.

MTD opened at $1,438.03 on Friday. The business’s fifty day moving average is $1,346.31 and its two-hundred day moving average is $1,252.22. The company has a market cap of $30.72 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 3.77 and a beta of 1.20. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86.

Mettler-Toledo International (NYSE:MTD – Get Free Report) last posted its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The company had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. Mettler-Toledo International’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $8.69 earnings per share. On average, analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

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.

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