Frontier Capital Management Co. LLC Sells 2,210 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Frontier Capital Management Co. LLC cut its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,507 shares of the medical instruments supplier’s stock after selling 2,210 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Mettler-Toledo International were worth $43,449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. D. E. Shaw & Co. Inc. increased its holdings in shares of Mettler-Toledo International by 212.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 10,192 shares of the medical instruments supplier’s stock valued at $12,472,000 after acquiring an additional 6,925 shares in the last quarter. Deutsche Bank AG grew its position in shares of Mettler-Toledo International by 1.4% during the 4th quarter. Deutsche Bank AG now owns 106,657 shares of the medical instruments supplier’s stock valued at $130,514,000 after acquiring an additional 1,487 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Mettler-Toledo International in the fourth quarter valued at $8,225,000. Cetera Investment Advisers lifted its stake in shares of Mettler-Toledo International by 8.7% during the 4th quarter. Cetera Investment Advisers now owns 1,075 shares of the medical instruments supplier’s stock valued at $1,315,000 after buying an additional 86 shares in the last quarter. Finally, BlueSpruce Investments LP purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at $514,000. 95.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction that occurred 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 represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated 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 transaction, the insider now directly owns 6 shares of the company’s stock, valued at approximately $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Price Performance

MTD stock opened at $1,083.09 on Thursday. 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 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 1.40. The stock’s fifty day moving average price is $1,125.26 and its 200-day moving average price is $1,227.33.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The firm had revenue of $883.74 million for the quarter, compared to analysts’ expectations of $876.61 million. During the same period in the previous year, the firm earned $8.89 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on MTD shares. Robert W. Baird reduced their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective on the stock 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 research note on Monday. Evercore ISI lifted 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 report on Monday, February 10th. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and lowered their target price for the company from $1,200.00 to $1,110.00 in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,296.13.

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.