Adage Capital Partners GP L.L.C. Decreases Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Adage Capital Partners GP L.L.C. lessened its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 59.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,757 shares of the medical instruments supplier's stock after selling 29,200 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.09% of Mettler-Toledo International worth $24,176,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MTD. Barclays PLC raised its stake in shares of Mettler-Toledo International by 8.3% in the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock valued at $384,822,000 after acquiring an additional 19,609 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Mettler-Toledo International during the third quarter worth $111,000. Tidal Investments LLC grew its stake in shares of Mettler-Toledo International by 1,073.6% in the third quarter. Tidal Investments LLC now owns 16,407 shares of the medical instruments supplier's stock valued at $24,606,000 after buying an additional 15,009 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Mettler-Toledo International in the third quarter valued at $1,164,000. Finally, Retirement Systems of Alabama boosted its holdings in Mettler-Toledo International by 610.4% during the 3rd quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier's stock valued at $50,183,000 after acquiring an additional 28,752 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 0.4 %

NYSE:MTD traded up $3.82 during mid-day trading on Tuesday, reaching $1,065.28. 210,822 shares of the stock were exchanged, compared to its average volume of 143,976. The stock has a market capitalization of $22.20 billion, a P/E ratio of 26.28, a P/E/G ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The company has a 50 day simple moving average of $1,155.16 and a 200-day simple moving average of $1,241.13.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. As a group, research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MTD shares. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research note on Monday, April 7th. Robert W. Baird decreased their target price on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company cut their target price on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1,304.25.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gerry Keller sold 600 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by company 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.