Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Comerica Bank

Comerica Bank lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,985 shares of the medical instruments supplier's stock after selling 232 shares during the quarter. Comerica Bank's holdings in Mettler-Toledo International were worth $4,876,000 at the end of the most recent reporting period.

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

Mettler-Toledo International Trading Down 2.0%

Shares of NYSE MTD traded down $21.67 during trading on Friday, reaching $1,079.96. 133,782 shares of the company traded hands, compared to its average volume of 145,671. The firm's fifty day simple moving average is $1,118.64 and its 200 day simple moving average is $1,222.47. The stock has a market cap of $22.44 billion, a P/E ratio of 26.65, a PEG ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93.

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 analysts' consensus estimates of $7.90 by $0.29. The business had revenue of $883.74 million during 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% on a year-over-year basis. During the same quarter last year, the business posted $8.89 EPS. As a group, research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of Mettler-Toledo International 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 transaction, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated 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 completion of the transaction, the insider now owns 6 shares of the company's stock, valued at approximately $8,108.04. This represents a 99.01% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

MTD has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective 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. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their price target for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Evercore ISI lifted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a research report on Monday, April 7th. Finally, StockNews.com cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average 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.