Citigroup Inc. Lowers Position in Mettler-Toledo International Inc. (NYSE:MTD)

Citigroup Inc. reduced its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 21.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,486 shares of the medical instruments supplier's stock after selling 5,112 shares during the period. Citigroup Inc. owned approximately 0.09% of Mettler-Toledo International worth $27,723,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTD. Family Firm Inc. purchased a new position in Mettler-Toledo International during the 2nd quarter worth $25,000. Blue Trust Inc. lifted its stake in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Mettler-Toledo International in the 3rd quarter worth $37,000. Rothschild Investment LLC acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter worth $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter worth $42,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MTD. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 1st. Robert W. Baird reduced their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $1,338.75.

Insider Transactions at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the sale, the director now directly owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

MTD traded up $7.83 during midday trading on Tuesday, reaching $1,232.30. 181,529 shares of the company's stock were exchanged, compared to its average volume of 137,376. The stock has a market capitalization of $26.00 billion, a PE ratio of 33.22, a P/E/G ratio of 4.02 and a beta of 1.16. The business's 50-day moving average price is $1,355.44 and its 200 day moving average price is $1,397.57. Mettler-Toledo International Inc. has a 1-year low of $1,059.08 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.21. The company had revenue of $954.54 million during the quarter, compared to analysts' expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, analysts expect that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal year.

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.