Axa S.A. Has $8.98 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Axa S.A. reduced its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,336 shares of the medical instruments supplier’s stock after selling 600 shares during the period. Axa S.A.’s holdings in Mettler-Toledo International were worth $8,977,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International in the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $44,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after acquiring an additional 17 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC lifted its stake in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the topic of several recent analyst reports. Robert W. Baird decreased their price target on 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 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 note on Monday. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and lowered their price objective for the stock from $1,200.00 to $1,110.00 in a research report on Monday. Finally, StockNews.com lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,296.13.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,090.24 on Tuesday. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The company has a market cap of $22.72 billion, a PE ratio of 26.90, a P/E/G ratio of 3.30 and a beta of 1.40. The firm’s 50 day simple moving average is $1,132.87 and its 200 day simple moving average is $1,229.48.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data 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. 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%. Mettler-Toledo International’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.89 earnings per share. Equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International 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 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 legal filing with the SEC, which is available through this link. Also, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International 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.