SG Americas Securities LLC Sells 6,781 Shares of Mettler-Toledo International, Inc. $MTD

SG Americas Securities LLC cut its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 53.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,924 shares of the medical instruments supplier’s stock after selling 6,781 shares during the quarter. SG Americas Securities LLC’s holdings in Mettler-Toledo International were worth $8,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Mettler-Toledo International by 83.3% during the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock valued at $78,000 after acquiring an additional 30 shares in the last quarter. Cetera Investment Advisers lifted its position in Mettler-Toledo International by 8.4% in the 2nd quarter. Cetera Investment Advisers now owns 1,335 shares of the medical instruments supplier’s stock valued at $1,568,000 after acquiring an additional 104 shares in the last quarter. Norges Bank purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at $360,126,000. New York State Common Retirement Fund boosted its stake in Mettler-Toledo International by 19.3% during the 2nd quarter. New York State Common Retirement Fund now owns 18,660 shares of the medical instruments supplier’s stock valued at $21,920,000 after purchasing an additional 3,015 shares during the last quarter. Finally, Lido Advisors LLC increased its holdings in shares of Mettler-Toledo International by 18.4% in the 2nd quarter. Lido Advisors LLC now owns 322 shares of the medical instruments supplier’s stock worth $378,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 800 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the transaction, the chief financial officer owned 5,288 shares in the company, valued at $7,456,714.56. This represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MTD. The Goldman Sachs Group assumed coverage on Mettler-Toledo International in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $1,475.00 price target for the company. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. Wall Street Zen raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Mettler-Toledo International in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Mettler-Toledo International currently has an average rating of “Moderate Buy” and an average price target of $1,463.75.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,249.35 on Tuesday. The firm has a market capitalization of $25.30 billion, a P/E ratio of 29.66, a PEG ratio of 2.58 and a beta of 1.43. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,525.17. The business has a fifty day moving average of $1,324.39 and a 200 day moving average of $1,364.58.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share for the quarter, beating analysts’ consensus estimates of $12.76 by $0.60. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.Mettler-Toledo International’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $12.41 earnings per share. Analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.