Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,602 shares of the medical instruments supplier's stock after buying an additional 19,609 shares during the quarter. Barclays PLC owned approximately 1.22% of Mettler-Toledo International worth $384,822,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its position in shares of Mettler-Toledo International by 6.6% during the second quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier's stock worth $158,000 after purchasing an additional 7 shares in the last quarter. DT Investment Partners LLC lifted its holdings in Mettler-Toledo International by 13.3% in the third quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier's stock valued at $102,000 after acquiring an additional 8 shares during the period. Suncoast Equity Management lifted its stake in shares of Mettler-Toledo International by 2.0% in the 3rd quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier's stock valued at $690,000 after purchasing an additional 9 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Mettler-Toledo International by 1.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier's stock worth $1,135,000 after acquiring an additional 9 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Mettler-Toledo International by 20.0% in the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier's stock valued at $81,000 after purchasing an additional 9 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now owns 240 shares in the company, valued at $314,820. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Nicolaus cut their price objective 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, November 11th. Wells Fargo & Company decreased their target price on shares of 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. Robert W. Baird lowered their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a report on Monday, November 11th. Finally, Evercore ISI lifted their target price 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. 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 company's stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of "Hold" and an average target price of $1,338.75.

Mettler-Toledo International Stock Performance

MTD stock traded down $11.00 during mid-day trading on Tuesday, reaching $1,270.69. The company had a trading volume of 106,299 shares, compared to its average volume of 136,031. Mettler-Toledo International Inc. has a fifty-two week low of $1,088.61 and a fifty-two week high of $1,546.93. The firm has a fifty day simple moving average of $1,321.79 and a 200 day simple moving average of $1,381.76. The company has a market capitalization of $26.82 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Mettler-Toledo International 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.