Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,907 shares of the medical instruments supplier's stock after selling 4,544 shares during the period. BNP Paribas Financial Markets owned approximately 0.17% of Mettler-Toledo International worth $55,349,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in MTD. Gateway Investment Advisers LLC purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $685,000. Swedbank AB acquired a new stake in Mettler-Toledo International during the 1st quarter worth about $26,867,000. SG Americas Securities LLC lifted its holdings in shares of Mettler-Toledo International by 52.9% in 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 buying an additional 1,562 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Mettler-Toledo International by 14.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier's stock valued at $1,860,000 after buying an additional 152 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Mettler-Toledo International by 212.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier's stock worth $1,828,000 after buying an additional 889 shares during 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 several recent research reports. Evercore ISI upped 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 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 report on Monday, November 11th. Stifel Nicolaus cut 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. JPMorgan Chase & Co. increased 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 note on Monday, August 5th. Finally, Wells Fargo & Company cut their price target 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, November 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1,338.75.

Insiders Place Their Bets

In related news, Director Elisha W. Finney sold 76 shares of the business'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 completion of the sale, the director now owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded up $7.45 during midday trading on Friday, reaching $1,250.85. The company had a trading volume of 74,429 shares, compared to its average volume of 136,894. Mettler-Toledo International Inc. has a 12-month low of $1,068.33 and a 12-month high of $1,546.93. The company has a market capitalization of $26.39 billion, a P/E ratio of 33.52, a P/E/G ratio of 4.10 and a beta of 1.16. The firm's fifty day simple moving average is $1,348.27 and its 200-day simple moving average is $1,395.43.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share 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 business had revenue of $954.54 million for the quarter, compared to analysts' expectations of $941.93 million. On average, analysts expect that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal 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.