Fiera Capital Corp Trims Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Fiera Capital Corp trimmed its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 17.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 288,097 shares of the medical instruments supplier’s stock after selling 61,768 shares during the quarter. Mettler-Toledo International comprises 1.2% of Fiera Capital Corp’s holdings, making the stock its 28th largest position. Fiera Capital Corp’s holdings in Mettler-Toledo International were worth $340,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MTD. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International during the fourth quarter valued at approximately $44,000. Golden State Wealth Management LLC raised its position in Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier’s stock valued at $48,000 after acquiring an additional 35 shares in the last quarter. Menard Financial Group LLC purchased a new position in Mettler-Toledo International during the fourth quarter valued at approximately $67,000. Blue Trust Inc. raised its position in Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier’s stock valued at $73,000 after acquiring an additional 52 shares in the last quarter. Finally, Huntington National Bank raised its position in Mettler-Toledo International by 63.0% during the fourth quarter. Huntington National Bank now owns 88 shares of the medical instruments supplier’s stock valued at $108,000 after acquiring an additional 34 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Down 0.4%

Shares of MTD opened at $1,259.15 on Tuesday. Mettler-Toledo International, Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The stock’s 50 day moving average is $1,185.68 and its two-hundred day moving average is $1,193.60. The firm has a market cap of $26.17 billion, a P/E ratio of 31.40, a PEG ratio of 3.89 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The company had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same period last year, the company earned $8.89 earnings per share. Mettler-Toledo International’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Bank of America lifted their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and reduced their price target for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Robert W. Baird lifted their price target on Mettler-Toledo International from $1,139.00 to $1,210.00 and gave the company a “neutral” rating in a research report on Monday. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target for the company in a research report on Monday, April 7th. Finally, Wells Fargo & Company lifted their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,298.50.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the sale, the director directly owned 120 shares of the company’s stock, valued at $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.77% of the stock is owned by corporate insiders.

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.