Achmea Investment Management B.V. Sells 2,153 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Achmea Investment Management B.V. decreased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 6.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,218 shares of the medical instruments supplier's stock after selling 2,153 shares during the period. Achmea Investment Management B.V. owned approximately 0.15% of Mettler-Toledo International worth $36,866,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MTD. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at approximately $44,000. Golden State Wealth Management LLC raised its stake in Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after buying an additional 35 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth about $54,000. Finally, Menard Financial Group LLC bought a new position in shares of Mettler-Toledo International in the fourth quarter worth approximately $67,000. Hedge funds and other institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTD. Bank of America boosted their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their target price for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Citigroup raised shares of 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, UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their target price for the company from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $1,300.36.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,196.81 on Friday. Mettler-Toledo International, Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The company has a 50 day simple moving average of $1,130.39 and a two-hundred day simple moving average of $1,198.86. The firm has a market cap of $24.87 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results 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. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. The company had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same period in the previous year, the firm posted $8.89 EPS. Mettler-Toledo International's revenue for the quarter was down 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insider Activity

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the sale, the director now directly owns 120 shares of the company's stock, valued at $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.94% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.