Two Sigma Investments LP Sells 3,478 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Two Sigma Investments LP lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 22.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,116 shares of the medical instruments supplier’s stock after selling 3,478 shares during the quarter. Two Sigma Investments LP’s holdings in Mettler-Toledo International were worth $14,826,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of Mettler-Toledo International by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock valued at $332,634,000 after purchasing an additional 28,478 shares during the period. Allworth Financial LP raised its position in Mettler-Toledo International by 367.4% during the fourth quarter. Allworth Financial LP now owns 215 shares of the medical instruments supplier’s stock valued at $285,000 after purchasing an additional 169 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Mettler-Toledo International by 18.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,370 shares of the medical instruments supplier’s stock worth $42,058,000 after buying an additional 5,234 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Mettler-Toledo International by 773.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,336 shares of the medical instruments supplier’s stock worth $6,530,000 after acquiring an additional 4,725 shares in the last quarter. Finally, Impax Asset Management Group plc raised its position in Mettler-Toledo International by 5.8% in the 4th quarter. Impax Asset Management Group plc now owns 198,852 shares of the medical instruments supplier’s stock worth $243,331,000 after purchasing an additional 10,830 shares during the period. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 0.2%

Shares of MTD stock opened at $1,135.43 on Friday. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The company has a 50 day moving average price of $1,101.59 and a 200-day moving average price of $1,213.95. The firm has a market capitalization of $23.60 billion, a PE ratio of 28.01, a P/E/G ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The business had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. During the same period in the previous year, the company posted $8.89 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. Analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christian Magloth sold 790 shares of the 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 value of $1,037,815.10. Following the completion of the sale, the insider now directly 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 can be accessed through this link. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. UBS Group raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday. Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target on the stock in a research report on Monday, April 7th. Finally, Jefferies Financial Group raised shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and cut their price objective for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,302.11.

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.