Mettler-Toledo International Inc. (NYSE:MTD) Position Cut by Barclays PLC

Barclays PLC lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 229,121 shares of the medical instruments supplier’s stock after selling 27,481 shares during the period. Barclays PLC’s holdings in Mettler-Toledo International were worth $280,368,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. MML Investors Services LLC raised its stake in Mettler-Toledo International by 488.0% during the 3rd quarter. MML Investors Services LLC now owns 1,076 shares of the medical instruments supplier’s stock valued at $1,614,000 after acquiring an additional 893 shares in the last quarter. M&T Bank Corp raised its stake in shares of Mettler-Toledo International by 14.3% during the third quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier’s stock valued at $7,387,000 after purchasing an additional 615 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Mettler-Toledo International by 44.4% in the third quarter. Sanctuary Advisors LLC now owns 517 shares of the medical instruments supplier’s stock worth $775,000 after purchasing an additional 159 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Mettler-Toledo International in the 3rd quarter valued at about $111,000. Finally, Tidal Investments LLC raised its position in shares of Mettler-Toledo International by 1,073.6% during the 3rd quarter. Tidal Investments LLC now owns 16,407 shares of the medical instruments supplier’s stock worth $24,606,000 after buying an additional 15,009 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 4.0 %

Shares of NYSE MTD opened at $1,083.14 on Tuesday. The stock’s fifty day simple moving average is $1,212.28 and its 200 day simple moving average is $1,271.57. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week 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 earnings per share 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%. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Evercore ISI lifted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Wells Fargo & Company upped their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price on the stock in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,380.50.

Insider Activity at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction on 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 transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christian Magloth sold 790 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

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.