Woodline Partners LP Cuts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Woodline Partners LP lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 55.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,832 shares of the medical instruments supplier's stock after selling 15,805 shares during the quarter. Woodline Partners LP owned 0.06% of Mettler-Toledo International worth $15,702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sone Capital Management LLC bought a new stake in Mettler-Toledo International during the 4th quarter valued at $1,745,000. Vident Advisory LLC increased its stake in Mettler-Toledo International by 3.8% during the 4th quarter. Vident Advisory LLC now owns 2,615 shares of the medical instruments supplier's stock valued at $3,200,000 after purchasing an additional 95 shares in the last quarter. Squarepoint Ops LLC increased its stake in Mettler-Toledo International by 12.9% during the 4th quarter. Squarepoint Ops LLC now owns 11,086 shares of the medical instruments supplier's stock valued at $13,566,000 after purchasing an additional 1,267 shares in the last quarter. Strategic Global Advisors LLC increased its stake in Mettler-Toledo International by 4.0% during the 4th quarter. Strategic Global Advisors LLC now owns 2,108 shares of the medical instruments supplier's stock valued at $2,580,000 after purchasing an additional 82 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Mettler-Toledo International by 7.0% during the 4th quarter. Toronto Dominion Bank now owns 11,470 shares of the medical instruments supplier's stock valued at $14,035,000 after purchasing an additional 746 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded up $38.48 during trading on Tuesday, hitting $1,152.62. The stock had a trading volume of 29,148 shares, compared to its average volume of 180,869. The firm has a fifty day moving average of $1,096.96 and a two-hundred day moving average of $1,208.03. The company has a market capitalization of $23.95 billion, a PE ratio of 28.44, 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 issued its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. The company had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The firm's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $8.89 EPS. On average, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on MTD shares. Citigroup upgraded 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 note on Monday, April 7th. Evercore ISI boosted 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 research note on Monday, February 10th. Wall Street Zen lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price target for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Finally, Robert W. Baird reduced their target price on shares of 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. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $1,302.11.

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.