Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,396 shares of the medical instruments supplier's stock after selling 8,032 shares during the quarter. Nuveen Asset Management LLC owned about 0.29% of Mettler-Toledo International worth $75,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Mettler-Toledo International during the 4th quarter worth $372,954,000. Proficio Capital Partners LLC acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $163,216,000. T. Rowe Price Investment Management Inc. boosted its stake in Mettler-Toledo International by 36.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock valued at $444,327,000 after purchasing an additional 96,300 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Mettler-Toledo International by 53.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier's stock worth $262,211,000 after purchasing an additional 74,187 shares during the period. Finally, Seilern Investment Management Ltd purchased a new position in Mettler-Toledo International in the fourth quarter worth $89,221,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Christian Magloth sold 790 shares of the company'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 sale, 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.77% of the company's stock.

Mettler-Toledo International Trading Down 4.5%

MTD traded down $53.29 during trading hours on Wednesday, hitting $1,132.71. 405,689 shares of the company's stock were exchanged, compared to its average volume of 148,991. The firm has a market cap of $23.54 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. The firm has a 50 day moving average of $1,105.55 and a 200 day moving average of $1,216.11. 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 released its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. The firm had revenue of $883.74 million during 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 revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.89 earnings per share. As a group, research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MTD shares. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their target price for the company from $1,530.00 to $1,350.00 in a research note on Tuesday. Robert W. Baird reduced their price target 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 note on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their target price for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. StockNews.com downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus target price 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.