Mettler-Toledo International Inc. (MTD) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD) by 61.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,045 shares of the medical instruments supplier’s stock after selling 8,205 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Mettler-Toledo International were worth $3,125,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. USA Mutuals Advisors Inc. bought a new position in Mettler-Toledo International in the 4th quarter valued at about $101,000. Steward Partners Investment Advisory LLC bought a new position in Mettler-Toledo International in the 3rd quarter valued at about $125,000. Quantbot Technologies LP bought a new position in Mettler-Toledo International in the 3rd quarter valued at about $193,000. Lourd Capital LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at about $211,000. Finally, Quadrant Private Wealth Management LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at about $232,000. 92.17% of the stock is currently owned by institutional investors.

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In other Mettler-Toledo International news, insider Waldemar Rauch sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $614.18, for a total value of $2,763,810.00. Following the sale, the insider now owns 8,068 shares in the company, valued at $4,955,204.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $605.20, for a total transaction of $181,560.00. Following the completion of the sale, the chief financial officer now owns 5,599 shares in the company, valued at approximately $3,388,514.80. The disclosure for this sale can be found here. Insiders sold 28,268 shares of company stock worth $17,497,059 in the last 90 days. Company insiders own 5.20% of the company’s stock.

Shares of Mettler-Toledo International stock opened at $606.41 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. The stock has a market cap of $15,586.83, a P/E ratio of 42.59, a P/E/G ratio of 2.53 and a beta of 1.14. Mettler-Toledo International Inc. has a 52-week low of $471.14 and a 52-week high of $697.26.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.04. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The firm had revenue of $778.03 million for the quarter, compared to analyst estimates of $764.26 million. During the same quarter last year, the business posted $5.28 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. analysts forecast that Mettler-Toledo International Inc. will post 20.17 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Deutsche Bank increased their target price on shares of Mettler-Toledo International from $600.00 to $630.00 and gave the stock a “hold” rating in a research report on Thursday, March 1st. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Morgan Stanley increased their target price on shares of Mettler-Toledo International from $550.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $685.00 to $692.00 in a research report on Friday, February 9th. Finally, Barclays assumed coverage on shares of Mettler-Toledo International in a research report on Thursday, January 4th. They set an “equal weight” rating and a $625.00 target price on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mettler-Toledo International currently has an average rating of “Hold” and a consensus price target of $649.30.

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Mettler-Toledo International Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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