Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Bamco Inc. NY

Bamco Inc. NY cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,747 shares of the medical instruments supplier's stock after selling 5,857 shares during the quarter. Mettler-Toledo International makes up about 1.2% of Bamco Inc. NY's holdings, making the stock its 17th biggest holding. Bamco Inc. NY owned 1.37% of Mettler-Toledo International worth $433,034,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MTD. Gateway Investment Advisers LLC bought a new stake in Mettler-Toledo International during the 2nd quarter valued at about $685,000. SG Americas Securities LLC boosted its holdings in shares of Mettler-Toledo International by 52.9% during the 2nd quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier's stock valued at $6,312,000 after acquiring an additional 1,562 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mettler-Toledo International by 14.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier's stock worth $1,860,000 after acquiring an additional 152 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Mettler-Toledo International by 212.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier's stock valued at $1,828,000 after purchasing an additional 889 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Mettler-Toledo International by 10.3% during the second quarter. Federated Hermes Inc. now owns 7,667 shares of the medical instruments supplier's stock valued at $10,715,000 after purchasing an additional 717 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 0.2 %

MTD traded up $2.44 during trading on Monday, reaching $1,253.64. The company had a trading volume of 54,697 shares, compared to its average volume of 136,535. Mettler-Toledo International Inc. has a 52 week low of $1,068.33 and a 52 week high of $1,546.93. The stock has a market cap of $26.46 billion, a P/E ratio of 33.49, a PEG ratio of 4.13 and a beta of 1.16. The business has a 50 day simple moving average of $1,345.17 and a 200-day simple moving average of $1,392.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping analysts' consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million during the quarter, compared to analysts' expectations of $941.93 million. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTD. Robert W. Baird dropped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Stifel Nicolaus dropped their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a report on Monday, November 11th. Finally, Wells Fargo & Company reduced their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,338.75.

Insider Transactions at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.94% of the company's stock.

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.