Barclays PLC Has $280.37 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Barclays PLC decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 229,121 shares of the medical instruments supplier's stock after selling 27,481 shares during the quarter. Barclays PLC owned about 1.10% of Mettler-Toledo International worth $280,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International in the fourth quarter valued at $44,000. Blue Trust Inc. boosted its holdings in Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International during the fourth quarter valued at about $54,000. Finally, Sound Income Strategies LLC increased its stake in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a report on Monday, April 7th. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Robert W. Baird increased their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $1,346.13.

Insider Activity

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, the insider now directly owns 6 shares of the company's stock, valued at $8,108.04. The trade was a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 790 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Down 1.2 %

NYSE MTD traded down $11.93 during trading hours on Friday, reaching $1,004.72. 212,078 shares of the company traded hands, compared to its average volume of 140,447. The stock has a market capitalization of $20.94 billion, a PE ratio of 24.79, a PEG ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The company has a 50 day moving average of $1,185.43 and a two-hundred day moving average of $1,261.60.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

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.