DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 127 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 36.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 220 shares of the medical instruments supplier’s stock after selling 127 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Mettler-Toledo International were worth $269,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock valued at $78,000 after buying an additional 8 shares in the last quarter. M3 Advisory Group LLC increased its holdings in shares of Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock worth $202,000 after acquiring an additional 9 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Mettler-Toledo International by 2.5% during the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock worth $451,000 after purchasing an additional 9 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Mettler-Toledo International by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock worth $374,000 after purchasing an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its holdings in shares of Mettler-Toledo International by 0.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock valued at $2,549,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird lowered their target price on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and dropped their price objective for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Evercore ISI increased their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company upped their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,296.13.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,175.33 on Tuesday. The company’s 50-day moving average price is $1,116.98 and its two-hundred day moving average price is $1,221.64. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The stock has a market capitalization of $24.43 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The business had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the prior year, the company posted $8.89 earnings per share. Mettler-Toledo International’s revenue was down 4.6% on a year-over-year basis. On average, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal 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.