Donaldson Capital Management LLC Has $965,000 Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Donaldson Capital Management LLC cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 75.2% in the fourth quarter, Holdings Channel reports. The firm owned 789 shares of the medical instruments supplier’s stock after selling 2,393 shares during the quarter. Donaldson Capital Management LLC’s holdings in Mettler-Toledo International were worth $965,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Huntington National Bank grew its stake in shares of Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after purchasing an additional 9 shares during the period. Townsquare Capital LLC grew its stake in shares of Mettler-Toledo International by 2.0% during the third quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock worth $693,000 after purchasing an additional 9 shares during the period. M3 Advisory Group LLC grew its stake in shares of Mettler-Toledo International by 5.8% during the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock worth $202,000 after purchasing an additional 9 shares during the period. Apollon Wealth Management LLC grew its stake 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. Finally, Steward Partners Investment Advisory LLC grew its stake in Mettler-Toledo International by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock valued at $374,000 after acquiring an additional 9 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the sale, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company. Evercore ISI boosted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Citigroup decreased their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, Robert W. Baird boosted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,380.50.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,243.20 on Wednesday. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. The stock’s 50-day moving average is $1,295.68 and its 200-day moving average is $1,321.07. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

About Mettler-Toledo International

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.