Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,010 shares of the medical instruments supplier's stock after selling 2,109 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Mettler-Toledo International were worth $3,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MTD. SBI Securities Co. Ltd. purchased a new position in Mettler-Toledo International in the 4th quarter worth $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International in the 4th quarter worth $44,000. Blue Trust Inc. raised 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 worth $50,000 after acquiring an additional 17 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International in the 4th quarter worth $54,000. Finally, Sound Income Strategies LLC raised 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 acquiring an additional 45 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Up 0.2%

Mettler-Toledo International stock opened at $1,159.20 on Tuesday. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The firm has a market cap of $24.09 billion, a PE ratio of 28.60, a P/E/G ratio of 3.30 and a beta of 1.40. The stock's 50 day simple moving average is $1,105.88 and its two-hundred day simple moving average is $1,216.32.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. During the same period last year, the firm earned $8.89 EPS. The company's quarterly revenue was down 4.6% on a year-over-year basis. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price 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. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a research note on Monday, April 7th. Evercore ISI raised their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and reduced their price objective for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Finally, Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has an average rating of "Hold" and an average target price of $1,296.13.

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.

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