Exxonmobil Investment Management Inc. TX lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,067 shares of the medical instruments supplier’s stock after selling 620 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Mettler-Toledo International were worth $2,520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sun Life Financial INC lifted its position in shares of Mettler-Toledo International by 2,585.7% in the second quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock worth $111,000 after buying an additional 181 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Mettler-Toledo International in the second quarter worth about $118,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Mettler-Toledo International in the third quarter worth about $125,000. Quantbot Technologies LP acquired a new stake in shares of Mettler-Toledo International in the third quarter worth about $193,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Mettler-Toledo International in the third quarter worth about $237,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

In other Mettler-Toledo International news, insider Simon Kirk sold 4,726 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $629.01, for a total value of $2,972,701.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Francis purchased 160 shares of the business’s stock in a transaction on Friday, November 17th. The stock was purchased at an average cost of $627.91 per share, with a total value of $100,465.60. Following the acquisition, the director now owns 254 shares in the company, valued at $159,489.14. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 39,969 shares of company stock valued at $25,242,999. Insiders own 5.20% of the company’s stock.

A number of analysts have weighed in on MTD shares. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price target for the company in a research report on Thursday, September 21st. Goldman Sachs Group reissued a “buy” rating and set a $690.00 price objective on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Morgan Stanley reissued an “equal weight” rating and set a $535.00 price objective (down previously from $565.00) on shares of Mettler-Toledo International in a research report on Friday, October 6th. Bank of America boosted their price objective on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Jefferies Group reissued a “hold” rating and set a $600.00 price objective on shares of Mettler-Toledo International in a research report on Friday, October 20th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $622.33.

Mettler-Toledo International Inc. (NYSE:MTD) opened at $650.60 on Monday. Mettler-Toledo International Inc. has a 12-month low of $408.97 and a 12-month high of $694.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51. The firm has a market capitalization of $16,641.70, a PE ratio of 39.48, a P/E/G ratio of 2.61 and a beta of 1.09.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the consensus estimate of $4.32 by $0.04. The firm had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.89 EPS. analysts forecast that Mettler-Toledo International Inc. will post 17.52 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2018/01/15/exxonmobil-investment-management-inc-tx-sells-620-shares-of-mettler-toledo-international-inc-mtd.html.

About Mettler-Toledo International

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.