Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Barclays PLC

Barclays PLC decreased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229,121 shares of the medical instruments supplier’s stock after selling 27,481 shares during the period. Barclays PLC owned 1.10% of Mettler-Toledo International worth $280,368,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MTD. Barr E S & Co. grew its holdings in shares of Mettler-Toledo International by 4.9% during the 4th quarter. Barr E S & Co. now owns 9,280 shares of the medical instruments supplier’s stock worth $11,356,000 after purchasing an additional 433 shares during the period. Synovus Financial Corp lifted its position in Mettler-Toledo International by 2.3% during the fourth quarter. Synovus Financial Corp now owns 1,809 shares of the medical instruments supplier’s stock valued at $2,214,000 after buying an additional 41 shares in the last quarter. Townsquare Capital LLC grew its stake in Mettler-Toledo International by 39.2% during the fourth quarter. Townsquare Capital LLC now owns 643 shares of the medical instruments supplier’s stock worth $787,000 after buying an additional 181 shares during the period. Qtron Investments LLC increased its position in shares of Mettler-Toledo International by 36.4% in the fourth quarter. Qtron Investments LLC now owns 611 shares of the medical instruments supplier’s stock worth $748,000 after acquiring an additional 163 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Mettler-Toledo International by 55.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,256 shares of the medical instruments supplier’s stock valued at $1,537,000 after acquiring an additional 446 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 4.0 %

Mettler-Toledo International stock opened at $1,083.14 on Tuesday. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The stock has a market cap of $22.57 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. The stock has a 50 day moving average of $1,212.28 and a 200-day moving average of $1,271.57.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christian Magloth sold 790 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on MTD shares. Citigroup raised shares of 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 report on Monday, April 7th. Wells Fargo & Company raised their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Evercore ISI upped their price target on 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. Finally, Robert W. Baird increased their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,380.50.

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.