Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 212.0% in the 4th quarter, according to its most recent filing with the SEC. The firm 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 institutional investors also recently bought and sold shares of MTD. SBI Securities Co. Ltd. purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International in the 4th quarter valued at about $44,000. Blue Trust Inc. increased its stake in shares of Mettler-Toledo International by 70.8% during the 4th 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 purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth about $54,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after acquiring an additional 45 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the 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 transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $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 accessible through this link. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,182.90 on Wednesday. The firm has a market capitalization of $24.58 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The stock’s 50 day moving average price is $1,115.19 and its 200 day moving average price is $1,221.37.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping analysts’ consensus estimates of $7.90 by $0.29. The business 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 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 posted $8.89 earnings per share. On average, analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

MTD has been the subject of several research analyst reports. Jefferies Financial Group raised shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and dropped their price target for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective for the company in a report on Monday, April 7th. Evercore ISI lifted their target price on 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. Wells Fargo & Company boosted their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Finally, Robert W. Baird reduced their price objective 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. Seven equities research 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 company presently has an average rating of “Hold” and an average target price of $1,296.13.

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.