Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,720 shares of the medical instruments supplier’s stock after selling 18 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Mettler-Toledo International were worth $2,104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its stake in Mettler-Toledo International by 1.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 8,448 shares of the medical instruments supplier’s stock valued at $10,338,000 after buying an additional 100 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of Mettler-Toledo International by 0.6% during the 4th quarter. New York Life Investment Management LLC now owns 3,167 shares of the medical instruments supplier’s stock worth $3,875,000 after purchasing an additional 20 shares during the period. Robeco Schweiz AG raised its position in shares of Mettler-Toledo International by 85.7% during the 4th quarter. Robeco Schweiz AG now owns 46,483 shares of the medical instruments supplier’s stock worth $56,880,000 after purchasing an additional 21,449 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $54,000. Finally, Impact Investors Inc acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $346,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MTD shares. Evercore ISI increased their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Robert W. Baird increased their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Finally, Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their target price for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,368.00.

Mettler-Toledo International Price Performance

MTD opened at $1,271.44 on Friday. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The stock has a market cap of $26.59 billion, a P/E ratio of 31.37, a P/E/G ratio of 3.30 and a beta of 1.13. The stock’s 50 day moving average price is $1,291.19 and its 200 day moving average price is $1,330.22.

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

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 140 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at $7,524.54. This trade represents a 95.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christian Magloth sold 790 shares of the firm’s stock in a transaction on 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 sale, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 1,530 shares of company stock valued at $2,024,192. 1.94% of the stock is owned by corporate insiders.

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.