Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,960 shares of the medical instruments supplier's stock after selling 1,476 shares during the period. USS Investment Management Ltd's holdings in Mettler-Toledo International were worth $8,528,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Voloridge Investment Management LLC increased its holdings in shares of Mettler-Toledo International by 16.5% in the 4th quarter. Voloridge Investment Management LLC now owns 59,429 shares of the medical instruments supplier's stock valued at $72,722,000 after purchasing an additional 8,411 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Mettler-Toledo International during the fourth quarter worth about $20,027,000. Sone Capital Management LLC purchased a new position in Mettler-Toledo International in the fourth quarter valued at about $1,745,000. Vident Advisory LLC lifted its position in shares of 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 acquiring an additional 95 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of 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 worth $13,566,000 after acquiring an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Evercore ISI boosted 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. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their target price for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Robert W. Baird lowered 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 report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International has an average rating of "Hold" and an average target price of $1,302.11.

Mettler-Toledo International Stock Up 3.3%

Shares of MTD stock traded up $36.89 during trading hours on Tuesday, hitting $1,151.03. 32,769 shares of the company were exchanged, compared to its average volume of 149,594. The firm has a fifty day moving average of $1,096.96 and a 200 day moving average of $1,208.03. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The firm has a market cap of $23.92 billion, a PE ratio of 28.42, a PEG ratio of 3.30 and a beta of 1.40.

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 EPS for the quarter, topping the consensus estimate of $7.90 by $0.29. The firm had revenue of $883.74 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.89 earnings per share. Analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

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.