Slow Capital Inc. Has $2.53 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Slow Capital Inc. raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,086 shares of the medical instruments supplier’s stock after buying an additional 25 shares during the quarter. Slow Capital Inc.’s holdings in Mettler-Toledo International were worth $2,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. CIBC Private Wealth Group LLC lifted its position in shares of Mettler-Toledo International by 1.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the medical instruments supplier’s stock worth $472,000 after acquiring an additional 8 shares during the period. Maverick Capital Ltd. lifted its position in shares of Mettler-Toledo International by 3.9% in the 4th quarter. Maverick Capital Ltd. now owns 241 shares of the medical instruments supplier’s stock worth $348,000 after acquiring an additional 9 shares during the period. Personal CFO Solutions LLC lifted its position in shares of Mettler-Toledo International by 2.2% in the 3rd quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier’s stock worth $523,000 after acquiring an additional 10 shares during the period. Ancora Advisors LLC lifted its position in shares of Mettler-Toledo International by 100.0% during the 1st quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock worth $31,000 after buying an additional 10 shares during the period. Finally, Penserra Capital Management LLC lifted its position in shares of Mettler-Toledo International by 9.3% during the 4th quarter. Penserra Capital Management LLC now owns 118 shares of the medical instruments supplier’s stock worth $169,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity

In other news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on Monday, March 4th. The stock was 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 directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction on Monday, February 12th. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 951 shares of company stock valued at $1,170,256. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Down 1.2 %

MTD stock traded down $15.26 during midday trading on Wednesday, reaching $1,228.30. 105,206 shares of the company’s stock traded hands, compared to its average volume of 103,119. The company has a 50-day simple moving average of $1,270.30 and a two-hundred day simple moving average of $1,169.83. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,615.97. The company has a market cap of $26.27 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 3.39 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing the consensus estimate of $10.32 by ($0.92). The firm had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the business posted $12.10 earnings per share. Equities research analysts forecast that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Sunday, March 31st. Evercore ISI raised their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.