Short Interest in Mettler-Toledo International Inc. (NYSE:MTD) Decreases By 15.6%

Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 344,200 shares, a decline of 15.6% from the January 31st total of 407,600 shares. Based on an average daily volume of 131,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.7% of the company's stock are short sold.

Insider Transactions at Mettler-Toledo International

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 stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares of the company's stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 790 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MTD. Robeco Institutional Asset Management B.V. boosted its holdings in Mettler-Toledo International by 46.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 29,136 shares of the medical instruments supplier's stock worth $43,695,000 after buying an additional 9,306 shares during the period. National Pension Service boosted its holdings in Mettler-Toledo International by 8.0% in the 3rd quarter. National Pension Service now owns 34,039 shares of the medical instruments supplier's stock worth $51,048,000 after buying an additional 2,521 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Mettler-Toledo International by 4.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,545 shares of the medical instruments supplier's stock worth $27,812,000 after buying an additional 813 shares during the period. QRG Capital Management Inc. boosted its holdings in Mettler-Toledo International by 9.1% in the 3rd quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier's stock worth $573,000 after buying an additional 32 shares during the period. Finally, PDS Planning Inc bought a new position in Mettler-Toledo International in the 3rd quarter worth $211,000. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $20.15 during mid-day trading on Friday, reaching $1,292.69. 147,693 shares of the company's stock traded hands, compared to its average volume of 139,467. Mettler-Toledo International has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The firm has a 50 day moving average price of $1,293.77 and a two-hundred day moving average price of $1,323.34. The firm has a market capitalization of $27.04 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts expect that Mettler-Toledo International will post 42.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTD. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating for the company. Evercore ISI boosted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Finally, Citigroup lowered their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and an average price target of $1,380.50.

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.