Ensign Peak Advisors Inc Sells 701 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Ensign Peak Advisors Inc trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,761 shares of the medical instruments supplier's stock after selling 701 shares during the quarter. Ensign Peak Advisors Inc owned 0.50% of Mettler-Toledo International worth $128,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Mettler-Toledo International by 8.3% during the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock valued at $384,822,000 after acquiring an additional 19,609 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Mettler-Toledo International during the third quarter valued at approximately $111,000. JPMorgan Chase & Co. boosted its position in shares of 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 worth $332,634,000 after purchasing an additional 28,478 shares during the period. LVM Capital Management Ltd. MI purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth $498,000. Finally, Czech National Bank raised its position in shares of Mettler-Toledo International by 5.9% during the 4th quarter. Czech National Bank now owns 4,576 shares of the medical instruments supplier's stock valued at $5,600,000 after purchasing an additional 254 shares during the period. Institutional investors own 95.07% of the company's stock.

Insider Transactions at Mettler-Toledo International

In related 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.94% of the company's stock.

Analyst Ratings Changes

MTD has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their price objective for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Wells Fargo & Company increased their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Robert W. Baird reduced their price objective 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 report on Tuesday, April 22nd. StockNews.com lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Evercore ISI lifted 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 report 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $1,296.13.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD traded up $8.31 on Tuesday, reaching $1,182.90. The company's stock had a trading volume of 244,505 shares, compared to its average volume of 146,350. The company has a 50-day simple moving average of $1,116.98 and a 200 day simple moving average of $1,221.64. 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 market cap of $24.58 billion, a P/E ratio of 29.19, a PEG ratio of 3.30 and a beta of 1.40.

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

Mettler-Toledo International Company 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.