American International Group Inc. Cuts Position in Mettler-Toledo International Inc. (NYSE:MTD)

American International Group Inc. trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,977 shares of the medical instruments supplier’s stock after selling 107 shares during the quarter. American International Group Inc.’s holdings in Mettler-Toledo International were worth $7,250,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC raised its holdings in shares of Mettler-Toledo International by 30.0% during the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the medical instruments supplier’s stock valued at $500,000 after buying an additional 95 shares during the period. Quarry LP purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $36,000. Parkman Healthcare Partners LLC purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $9,097,000. Point72 Asset Management L.P. raised its holdings in shares of Mettler-Toledo International by 22,090.4% during the 4th quarter. Point72 Asset Management L.P. now owns 59,914 shares of the medical instruments supplier’s stock valued at $72,673,000 after buying an additional 59,644 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Mettler-Toledo International by 24.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 15,661 shares of the medical instruments supplier’s stock valued at $18,996,000 after buying an additional 3,111 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Down 1.7 %

Shares of MTD opened at $1,456.59 on Friday. The firm has a market cap of $31.11 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 3.97 and a beta of 1.20. The stock has a 50 day moving average of $1,374.51 and a 200-day moving average of $1,278.23. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company had revenue of $925.95 million during the quarter, compared to analyst estimates of $879.72 million. During the same quarter last year, the firm earned $8.69 EPS. The business’s revenue was down .3% on a year-over-year basis. On average, sell-side analysts predict that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on MTD. Jefferies Financial Group reiterated an “underperform” rating and set a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Citigroup raised their price objective on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research note on Monday, May 13th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Evercore ISI raised their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, Stifel Nicolaus raised their price objective on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,256.25.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $1,079,691.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,510,705.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 1,100 shares of Mettler-Toledo International stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,079,691.98. The disclosure for this sale can be found here. Insiders sold 3,278 shares of company stock worth $4,871,849 in the last 90 days. 1.94% of the stock is currently owned by company insiders.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.