Gabelli Funds LLC Sells 100 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Gabelli Funds LLC lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the medical instruments supplier’s stock after selling 100 shares during the quarter. Gabelli Funds LLC’s holdings in Mettler-Toledo International were worth $3,059,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MTD. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $44,000. Blue Trust Inc. lifted its position in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock worth $50,000 after buying an additional 17 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 45 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTD has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating on the stock in a research report on Thursday. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective for the company in a report on Monday, April 7th. Finally, Evercore ISI boosted their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,346.13.

Mettler-Toledo International Trading Down 1.2 %

Shares of MTD stock opened at $1,004.72 on Friday. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The stock has a market capitalization of $20.94 billion, a P/E ratio of 24.79, a PEG ratio of 3.30 and a beta of 1.28. The firm’s 50 day moving average is $1,191.96 and its 200 day moving average is $1,264.86.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping 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 predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity

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

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.