Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,751 shares of the medical instruments supplier's stock after selling 449 shares during the period. OMERS ADMINISTRATION Corp's holdings in Mettler-Toledo International were worth $2,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings 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 acquiring an additional 19,609 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Mettler-Toledo International by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock worth $332,634,000 after purchasing an additional 28,478 shares during the period. Czech National Bank increased its holdings in shares of Mettler-Toledo International by 5.9% in the 4th quarter. Czech National Bank now owns 4,576 shares of the medical instruments supplier's stock valued at $5,600,000 after purchasing an additional 254 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of Mettler-Toledo International by 14.3% in the fourth quarter. Wedmont Private Capital now owns 192 shares of the medical instruments supplier's stock valued at $233,000 after purchasing an additional 24 shares during the period. Finally, Signal Advisors Wealth LLC boosted its holdings in Mettler-Toledo International by 11.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 503 shares of the medical instruments supplier's stock worth $615,000 after buying an additional 50 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 1.4%

Shares of MTD traded up $15.57 during trading hours on Friday, reaching $1,158.93. 148,650 shares of the company traded hands, compared to its average volume of 146,543. The stock has a market capitalization of $24.09 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. The stock has a fifty day simple moving average of $1,107.03 and a 200 day simple moving average of $1,218.11. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.29. The company had revenue of $883.74 million for 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 firm's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned $8.89 EPS. Research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. StockNews.com downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating 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 price target for the company in a research note on Monday, April 7th. Robert W. Baird lowered their price objective 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,296.13.

Insider Activity

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated 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 completion of the sale, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.94% of the company's stock.

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.