Two Sigma Advisers LP Decreases Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Two Sigma Advisers LP lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 27.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Strategic Global Advisors LLC boosted 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 worth $2,580,000 after acquiring an additional 82 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Mettler-Toledo International by 7.0% in the fourth 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 during the last quarter. Scissortail Wealth Management LLC raised its holdings in shares of Mettler-Toledo International by 8,650.0% in the fourth quarter. Scissortail Wealth Management LLC now owns 175 shares of the medical instruments supplier's stock valued at $214,000 after purchasing an additional 173 shares during the last quarter. Siemens Fonds Invest GmbH increased its holdings in Mettler-Toledo International by 997.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 2,536 shares of the medical instruments supplier's stock worth $3,103,000 after buying an additional 2,305 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in Mettler-Toledo International during the fourth quarter worth $245,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Down 1.1%

Shares of NYSE MTD traded down $12.56 during trading on Friday, reaching $1,160.62. The company had a trading volume of 33,954 shares, compared to its average volume of 149,756. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The stock has a market cap of $24.12 billion, a PE ratio of 28.64, a P/E/G ratio of 3.30 and a beta of 1.40. The business's 50-day moving average is $1,094.61 and its 200 day moving average is $1,206.84.

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, 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 analysts' expectations of $876.61 million. During the same period last year, the firm posted $8.89 earnings per share. Mettler-Toledo International's revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company increased their target price on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price objective for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Citigroup raised shares of 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 report on Monday, April 7th. Finally, Evercore ISI raised their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and an average target price of $1,302.11.

Insiders Place Their Bets

In related news, Director Michael A. Kelly sold 1,062 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the sale, the director now directly owns 120 shares in the company, valued at $139,191.60. This represents a 89.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.94% of the company's stock.

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.