Axa S.A. Has $8.98 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

AXA S.A. cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,336 shares of the medical instruments supplier's stock after selling 600 shares during the period. AXA S.A.'s holdings in Mettler-Toledo International were worth $8,977,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC raised its holdings in Mettler-Toledo International by 8.3% during the third quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock worth $384,822,000 after purchasing an additional 19,609 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Mettler-Toledo International in the third quarter valued at $111,000. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 28,478 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mettler-Toledo International by 15.7% in the 4th quarter. GAMMA Investing LLC now owns 294 shares of the medical instruments supplier's stock valued at $360,000 after purchasing an additional 40 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Mettler-Toledo International by 29.8% during the fourth quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier's stock worth $129,919,000 after acquiring an additional 24,285 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 2.0 %

Shares of Mettler-Toledo International stock traded down $21.67 during trading hours on Friday, reaching $1,079.96. 133,782 shares of the company's stock were exchanged, compared to its average volume of 145,671. 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 fifty day moving average of $1,118.64 and a 200-day moving average of $1,222.96. The firm has a market capitalization of $22.44 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

MTD has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. StockNews.com lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Robert W. Baird reduced their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price objective for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $1,296.13.

Insider Activity

In other news, insider Christian Magloth sold 790 shares of the stock in a transaction 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 transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now directly owns 6 shares in the company, valued at $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. Insiders own 1.94% of the company's stock.

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.