Gotham Asset Management LLC Has $3.67 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Gotham Asset Management LLC lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 33.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,999 shares of the medical instruments supplier's stock after selling 1,503 shares during the quarter. Gotham Asset Management LLC's holdings in Mettler-Toledo International were worth $3,670,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MTD. Farther Finance Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after buying an additional 8 shares during the period. M3 Advisory Group LLC lifted its holdings in shares of Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock valued at $202,000 after buying an additional 9 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock valued at $451,000 after buying an additional 9 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Mettler-Toledo International by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock valued at $374,000 after buying an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its holdings in shares of Mettler-Toledo International by 0.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier's stock valued at $2,549,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Robert W. Baird cut their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Evercore ISI boosted their target price on 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 raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their target price for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research report on Monday, April 7th. Finally, Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1,296.13.

Mettler-Toledo International Trading Up 0.0%

MTD stock traded up $0.29 during mid-day trading on Monday, hitting $1,157.73. The stock had a trading volume of 136,423 shares, compared to its average volume of 146,701. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The company has a fifty day moving average of $1,107.03 and a 200 day moving average of $1,217.60. The stock has a market capitalization of $24.06 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its 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. 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 analyst estimates of $876.61 million. During the same period in the prior year, the firm posted $8.89 EPS. The business's revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the sale, the insider now owns 734 shares of the company's stock, valued at $964,248.46. This trade represents a 51.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.94% of the stock is currently owned by corporate insiders.

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.