Janus Henderson Group PLC Sells 352 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Janus Henderson Group PLC cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,591 shares of the medical instruments supplier's stock after selling 352 shares during the quarter. Janus Henderson Group PLC's holdings in Mettler-Toledo International were worth $3,175,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MTD. SBI Securities Co. Ltd. bought a new stake in Mettler-Toledo International in the 4th quarter valued at $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International in the 4th quarter valued at $44,000. Blue Trust Inc. boosted its stake in Mettler-Toledo International by 70.8% in the 4th 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 period. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the 4th quarter valued at $54,000. Finally, Sound Income Strategies LLC lifted its position in shares of Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after acquiring an additional 45 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTD has been the subject of a number of recent analyst reports. Wells Fargo & Company upped 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, May 5th. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research report on Monday, April 7th. Robert W. Baird dropped 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. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday. Finally, Evercore ISI upped their price objective 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. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,302.11.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock traded up $2.17 on Thursday, hitting $1,135.43. 177,738 shares of the company's stock traded hands, compared to its average volume of 149,219. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The company has a fifty day moving average of $1,103.58 and a two-hundred day moving average of $1,215.53. The company has a market capitalization of $23.60 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the prior year, the company earned $8.89 EPS. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 734 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is 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.