Renaissance Technologies LLC Purchases 3,000 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Renaissance Technologies LLC raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the medical instruments supplier's stock after acquiring an additional 3,000 shares during the period. Renaissance Technologies LLC owned about 0.06% of Mettler-Toledo International worth $15,418,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $44,000. Blue Trust Inc. boosted its stake in shares of Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC increased its position in shares of 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 valued at $56,000 after acquiring an additional 45 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the company's stock in a transaction 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 sale, the insider now directly owns 734 shares of the company's stock, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 600 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now directly owns 6 shares of the company's stock, valued at $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in 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 target on the stock in a report on Monday, April 7th. Wells Fargo & Company reduced their target price on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating for the company in a research report on Thursday. Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, Robert W. Baird raised 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $1,346.13.

Mettler-Toledo International Trading Down 1.2 %

Shares of MTD traded down $11.93 during midday trading on Friday, reaching $1,004.72. The stock had a trading volume of 212,078 shares, compared to its average volume of 140,553. The company has a market capitalization of $20.94 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. The company's 50-day moving average is $1,191.96 and its 200 day moving average is $1,264.86. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93.

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 for the quarter, topping 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%. Research analysts forecast that Mettler-Toledo International Inc. will post 42.71 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.