Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1,137.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,559 shares of the medical instruments supplier's stock after acquiring an additional 6,029 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Mettler-Toledo International were worth $8,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Alliancebernstein L.P. increased its stake in Mettler-Toledo International by 9.9% in the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock worth $713,627,000 after purchasing an additional 52,726 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Mettler-Toledo International by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock worth $682,340,000 after buying an additional 11,032 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Mettler-Toledo International by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 455,739 shares of the medical instruments supplier's stock worth $557,680,000 after acquiring an additional 25,873 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Mettler-Toledo International by 36.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock valued at $444,327,000 after acquiring an additional 96,300 shares during the period. Finally, Norges Bank purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at approximately $372,954,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird cut their target price 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 note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Evercore ISI raised their price objective 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. Finally, Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and an average price target of $1,304.25.

Mettler-Toledo International Trading Down 1.3 %

Shares of NYSE:MTD opened at $1,056.35 on Friday. 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 fifty day moving average price of $1,141.00 and a 200 day moving average price of $1,235.97. The stock has a market capitalization of $22.02 billion, a PE ratio of 26.06, a P/E/G ratio of 3.30 and a beta of 1.28.

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. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. During the same period in the prior year, the company posted $8.89 EPS. The company's revenue for the quarter was down 4.6% on a year-over-year basis. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares of the company's stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christian Magloth sold 790 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares of the company's stock, valued at $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.

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