D. E. Shaw & Co. Inc. Acquires 6,925 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

D. E. Shaw & Co. Inc. lifted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 212.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,192 shares of the medical instruments supplier's stock after acquiring an additional 6,925 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Mettler-Toledo International were worth $12,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC grew its stake in Mettler-Toledo International by 8.3% during the third quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock worth $384,822,000 after buying an additional 19,609 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Mettler-Toledo International by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock valued at $332,634,000 after buying an additional 28,478 shares during the period. Czech National Bank raised its holdings in Mettler-Toledo International by 5.9% in the fourth quarter. Czech National Bank now owns 4,576 shares of the medical instruments supplier's stock worth $5,600,000 after purchasing an additional 254 shares during the period. Wedmont Private Capital raised its holdings in Mettler-Toledo International by 14.3% in the fourth quarter. Wedmont Private Capital now owns 192 shares of the medical instruments supplier's stock worth $233,000 after purchasing an additional 24 shares during the period. Finally, Tealwood Asset Management Inc. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $404,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MTD shares. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price objective for the company from $1,200.00 to $1,110.00 in a research 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 report on Monday, April 7th. StockNews.com downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Robert W. Baird reduced their target price on shares of 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. Finally, Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of "Hold" and a consensus target price of $1,296.13.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded up $15.57 during midday trading on Friday, hitting $1,158.93. The company's stock had a trading volume of 148,650 shares, compared to its average volume of 146,526. 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 50-day moving average price of $1,107.03 and a two-hundred day moving average price of $1,218.69. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 28.59, 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 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $8.89 EPS. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS 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.