Claraphi Advisory Network LLC Trims Position in Mettler-Toledo International Inc. (MTD)

Claraphi Advisory Network LLC decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 370 shares of the medical instruments supplier’s stock after selling 247 shares during the period. Claraphi Advisory Network LLC’s holdings in Mettler-Toledo International were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. Lindbrook Capital LLC acquired a new stake in Mettler-Toledo International during the fourth quarter valued at $27,000. First Personal Financial Services boosted its position in Mettler-Toledo International by 38.2% during the fourth quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after purchasing an additional 26 shares during the last quarter. CWM LLC boosted its position in Mettler-Toledo International by 108.9% during the fourth quarter. CWM LLC now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after purchasing an additional 49 shares during the last quarter. Van ECK Associates Corp boosted its position in Mettler-Toledo International by 36.6% during the fourth quarter. Van ECK Associates Corp now owns 97 shares of the medical instruments supplier’s stock valued at $55,000 after purchasing an additional 26 shares during the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in Mettler-Toledo International during the fourth quarter valued at $68,000. 95.08% of the stock is owned by hedge funds and other institutional investors.

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NYSE MTD opened at $683.84 on Friday. Mettler-Toledo International Inc. has a fifty-two week low of $500.74 and a fifty-two week high of $701.25. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.06 and a current ratio of 1.42. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.31 and a beta of 1.30.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 7th. The medical instruments supplier reported $6.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.74 by $0.11. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The company had revenue of $817.92 million for the quarter, compared to analyst estimates of $807.58 million. During the same period last year, the company earned $5.97 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that Mettler-Toledo International Inc. will post 22.65 earnings per share for the current fiscal year.

A number of research firms recently issued reports on MTD. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $742.00 price objective for the company in a research report on Tuesday, February 12th. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Bank of America cut Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 price objective for the company. in a research report on Thursday, January 3rd. Finally, Evercore ISI cut Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research report on Thursday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $615.84.

In other news, CEO Oliver A. Filliol sold 17,000 shares of Mettler-Toledo International stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $666.64, for a total value of $11,332,880.00. Following the transaction, the chief executive officer now directly owns 33,279 shares in the company, valued at $22,185,112.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wah-Hui Chu sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $692.50, for a total value of $692,500.00. Following the completion of the transaction, the director now owns 3,854 shares in the company, valued at $2,668,895. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,995 shares of company stock worth $100,997,450. Corporate insiders own 4.80% of the company’s stock.

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Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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