Union Bancaire Privee UBP SA Lowers Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Union Bancaire Privee UBP SA lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 57.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 563 shares of the medical instruments supplier's stock after selling 746 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Mettler-Toledo International were worth $672,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International in the fourth quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at $44,000. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at $54,000. Menard Financial Group LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $67,000. Finally, Farther Finance Advisors LLC grew its position in Mettler-Toledo International by 14.3% during the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after acquiring an additional 8 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MTD shares. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price target for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Wells Fargo & Company boosted 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. Citigroup raised 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. Finally, Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their price target for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1,302.11.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $34.56 during midday trading on Friday, reaching $1,153.65. The stock had a trading volume of 109,215 shares, compared to its average volume of 151,706. The company's 50 day moving average price is $1,101.85 and its 200 day moving average price is $1,204.77. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The firm has a market cap of $23.98 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 3.30 and a beta of 1.38.

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

Insider Activity at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the transaction, the director now directly owns 120 shares in the company, valued at $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is owned by corporate insiders.

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.