BI Asset Management Fondsmaeglerselskab A S Reduces Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

BI Asset Management Fondsmaeglerselskab A S lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 33.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 777 shares of the medical instruments supplier's stock after selling 397 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Mettler-Toledo International were worth $951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International in the fourth quarter valued at approximately $44,000. Blue Trust Inc. lifted its position in Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after purchasing an additional 17 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International in the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC grew its stake in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after buying an additional 45 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Down 0.5 %

Shares of NYSE MTD traded down $4.97 during midday trading on Tuesday, reaching $1,056.49. The company had a trading volume of 42,507 shares, compared to its average volume of 143,199. The stock has a market cap of $22.02 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The firm's fifty day moving average price is $1,155.16 and its 200-day moving average price is $1,241.13.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MTD shares. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a report on Monday, April 7th. 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 note on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Evercore ISI raised 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $1,304.25.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the company's stock in a transaction dated 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gerry Keller sold 600 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of 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. 1.94% of the stock is currently owned by corporate insiders.

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.