Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 33.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,078 shares of the medical instruments supplier's stock after selling 14,769 shares during the period. Bank of Montreal Can owned 0.14% of Mettler-Toledo International worth $43,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in MTD. PineStone Asset Management Inc. lifted its position in Mettler-Toledo International by 127.4% during the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier's stock worth $362,855,000 after buying an additional 145,453 shares in the last quarter. International Assets Investment Management LLC lifted its position in Mettler-Toledo International by 149,870.0% during the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock worth $134,946,000 after buying an additional 89,922 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mettler-Toledo International by 32.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier's stock worth $199,777,000 after buying an additional 35,048 shares in the last quarter. Swedbank AB purchased a new position in Mettler-Toledo International during the first quarter worth approximately $26,867,000. Finally, Thrivent Financial for Lutherans lifted its position in Mettler-Toledo International by 1,940.6% during the third quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier's stock worth $27,604,000 after buying an additional 17,504 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTD has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. Robert W. Baird reduced their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted 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 report on Monday, August 5th. 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 research report on Monday, November 11th. Finally, Evercore ISI lifted their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International 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 company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the transaction, the director now directly owns 240 shares of the company's stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Up 0.6 %

MTD traded up $7.80 on Friday, hitting $1,251.20. 74,429 shares of the company were exchanged, compared to its average volume of 136,894. Mettler-Toledo International Inc. has a twelve month low of $1,068.33 and a twelve month high of $1,546.93. The company has a market cap of $26.40 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 4.10 and a beta of 1.16. The firm has a 50-day moving average price of $1,348.27 and a two-hundred day moving average price of $1,395.43.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The firm had revenue of $954.54 million during the quarter, compared to analysts' expectations of $941.93 million. Equities analysts expect that Mettler-Toledo International Inc. will post 40.39 EPS for the current 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.