Two Sigma Advisers LP Sells 1,200 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Two Sigma Advisers LP trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,200 shares of the medical instruments supplier's stock after selling 1,200 shares during the quarter. Two Sigma Advisers LP's holdings in Mettler-Toledo International were worth $3,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International during the fourth quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $44,000. Blue Trust Inc. grew its stake in Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after purchasing an additional 17 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International during the 4th quarter worth about $54,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of 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 purchasing an additional 45 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock traded up $14.08 during midday trading on Thursday, reaching $1,171.58. 79,637 shares of the stock were exchanged, compared to its average volume of 180,711. The company's fifty day moving average is $1,095.35 and its 200-day moving average is $1,207.36. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The firm has a market cap of $24.35 billion, a PE ratio of 28.91, a PEG ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping the consensus estimate of $7.90 by $0.29. The firm had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.89 earnings per share. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MTD. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their price target for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price target for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. 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 for the company in a research report on Tuesday, April 22nd. Evercore ISI boosted their target price 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1,302.11.

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.