Mettler-Toledo International Inc. (NYSE:MTD) Holdings Lowered by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 46.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,005 shares of the medical instruments supplier's stock after selling 84,123 shares during the quarter. Baillie Gifford & Co. owned 0.46% of Mettler-Toledo International worth $145,478,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Family Firm Inc. purchased a new stake in Mettler-Toledo International during the 2nd quarter worth about $25,000. Blue Trust Inc. increased its position in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock valued at $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter valued at about $37,000. Rothschild Investment LLC bought a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $42,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $42,000. Institutional investors own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company's stock, valued at $1,044,459.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock traded up $1.21 during trading hours on Tuesday, reaching $1,251.28. 67,593 shares of the company were exchanged, compared to its average volume of 133,852. Mettler-Toledo International Inc. has a 1 year low of $1,015.29 and a 1 year high of $1,546.93. The stock's fifty day moving average is $1,394.23 and its 200 day moving average is $1,402.64. The firm has a market cap of $26.55 billion, a PE ratio of 33.70, a PEG ratio of 3.83 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 532.25% and a net margin of 21.15%. Research analysts expect that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MTD shares. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 1st. Robert W. Baird lowered their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research note on Monday. JPMorgan Chase & Co. raised their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Stifel Nicolaus lowered their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wells Fargo & Company lowered their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of "Hold" and an average price target of $1,338.75.

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.