Baird Financial Group Inc. Sells 2,722 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Baird Financial Group Inc. reduced its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 68.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,255 shares of the medical instruments supplier's stock after selling 2,722 shares during the quarter. Baird Financial Group Inc.'s holdings in Mettler-Toledo International were worth $1,536,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MTD. JPMorgan Chase & Co. grew its holdings in Mettler-Toledo International by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock worth $332,634,000 after acquiring an additional 28,478 shares during the period. Allworth Financial LP increased its holdings in Mettler-Toledo International by 367.4% in the fourth quarter. Allworth Financial LP now owns 215 shares of the medical instruments supplier's stock worth $285,000 after purchasing an additional 169 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Mettler-Toledo International by 18.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,370 shares of the medical instruments supplier's stock valued at $42,058,000 after buying an additional 5,234 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Mettler-Toledo International by 773.3% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,336 shares of the medical instruments supplier's stock worth $6,530,000 after buying an additional 4,725 shares in the last quarter. Finally, Impax Asset Management Group plc grew its position in shares of Mettler-Toledo International by 5.8% during 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 buying an additional 10,830 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MTD shares. Robert W. Baird cut their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price objective for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Citigroup upgraded 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. Finally, Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1,296.13.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $15.57 on Friday, hitting $1,158.93. The stock had a trading volume of 148,650 shares, compared to its average volume of 146,519. The business has a 50 day moving average of $1,108.72 and a 200 day moving average of $1,219.65. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The stock has a market cap of $24.09 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping the consensus estimate of $7.90 by $0.29. The firm had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The company's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $8.89 EPS. As a group, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Mettler-Toledo International Profile

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.