Chicago Equity Partners LLC lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 44.2% in the fourth quarter, Holdings Channel reports. The fund owned 795 shares of the medical instruments supplier’s stock after selling 630 shares during the quarter. Chicago Equity Partners LLC’s holdings in Mettler-Toledo International were worth $493,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MTD. Dimensional Fund Advisors LP raised its stake in shares of Mettler-Toledo International by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 96,295 shares of the medical instruments supplier’s stock valued at $56,671,000 after acquiring an additional 5,659 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Mettler-Toledo International by 8.1% in the second quarter. Macquarie Group Ltd. now owns 10,146 shares of the medical instruments supplier’s stock valued at $5,971,000 after acquiring an additional 764 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Mettler-Toledo International by 17.7% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 5,279 shares of the medical instruments supplier’s stock valued at $3,106,000 after acquiring an additional 793 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Mettler-Toledo International by 151.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,229 shares of the medical instruments supplier’s stock valued at $723,000 after acquiring an additional 741 shares during the last quarter. Finally, Nomura Holdings Inc. raised its stake in shares of Mettler-Toledo International by 375.4% in the second quarter. Nomura Holdings Inc. now owns 2,510 shares of the medical instruments supplier’s stock valued at $1,477,000 after acquiring an additional 1,982 shares during the last quarter. Institutional investors own 91.93% of the company’s stock.

Shares of Mettler-Toledo International Inc. (NYSE:MTD) opened at $600.37 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. The firm has a market cap of $15,373.05, a P/E ratio of 42.16, a P/E/G ratio of 2.40 and a beta of 1.08. Mettler-Toledo International Inc. has a fifty-two week low of $460.00 and a fifty-two week high of $697.26.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.04. The business had revenue of $778.03 million during the quarter, compared to analyst estimates of $764.26 million. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 98.33%. Mettler-Toledo International’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.28 earnings per share. research analysts expect that Mettler-Toledo International Inc. will post 19.95 EPS for the current year.

In related news, insider Oliver A. Filliol sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $631.51, for a total value of $9,472,650.00. Following the completion of the sale, the insider now owns 31,279 shares of the company’s stock, valued at $19,753,001.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William P. Donnelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $630.02, for a total transaction of $6,300,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 36,585 shares of company stock valued at $23,083,195. 5.20% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on MTD shares. Morgan Stanley lifted their target price on shares of Mettler-Toledo International from $550.00 to $580.00 and gave the company an “equal weight” rating in a research note on Friday. Evercore ISI started coverage on shares of Mettler-Toledo International in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 target price for the company. Robert W. Baird reiterated a “hold” rating and issued a $630.00 target price on shares of Mettler-Toledo International in a research note on Friday. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Barclays started coverage on shares of Mettler-Toledo International in a research note on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 target price for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $651.44.

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Mettler-Toledo International Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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