Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.7% 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 280,994 shares of the medical instruments supplier's stock after selling 7,753 shares during the quarter. Mettler-Toledo International comprises 0.9% of Bamco Inc. NY's holdings, making the stock its 22nd largest holding. Bamco Inc. NY owned 1.33% of Mettler-Toledo International worth $343,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Mettler-Toledo International by 14.7% during 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 during the last quarter. Allworth Financial LP grew its holdings in shares of 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 buying an additional 169 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Mettler-Toledo International by 29.8% in the fourth quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier's stock valued at $129,919,000 after purchasing an additional 24,285 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Mettler-Toledo International by 18.0% during 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 purchasing an additional 5,234 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in 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 purchasing an additional 4,725 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction 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. The trade was a 51.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded up $19.72 during mid-day trading on Wednesday, reaching $1,083.09. 298,389 shares of the company's stock were exchanged, compared to its average volume of 146,779. The firm 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 1.40. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The company's 50-day moving average is $1,129.03 and its 200-day moving average is $1,228.33.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (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 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%. Mettler-Toledo International's revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.89 EPS. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on MTD. StockNews.com cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their target price for the company from $1,200.00 to $1,110.00 in a research report on Monday. Wells Fargo & Company raised their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday. Robert W. Baird dropped 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 research report on Tuesday, April 22nd. Finally, Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International presently has a consensus rating of "Hold" and an average target price of $1,296.13.

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.