BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $5.35 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,564 shares of the medical instruments supplier's stock after selling 532 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Mettler-Toledo International were worth $5,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. B. Riley Wealth Advisors Inc. acquired a new position in Mettler-Toledo International in the 1st quarter valued at $317,000. Cetera Advisors LLC grew its holdings in Mettler-Toledo International by 8.0% in the 1st quarter. Cetera Advisors LLC now owns 459 shares of the medical instruments supplier's stock valued at $611,000 after buying an additional 34 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Mettler-Toledo International by 8.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier's stock valued at $117,000 after buying an additional 7 shares in the last quarter. GAMMA Investing LLC grew its holdings in Mettler-Toledo International by 70.5% in the 2nd quarter. GAMMA Investing LLC now owns 225 shares of the medical instruments supplier's stock valued at $314,000 after buying an additional 93 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Mettler-Toledo International by 7.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier's stock valued at $166,000 after buying an additional 8 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The stock was 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 of the company's stock, valued at approximately $314,820. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.94% of the company's stock.

Analyst Ratings Changes

MTD has been the subject of a number of recent analyst reports. Stifel Nicolaus cut 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 report on Monday, November 11th. Robert W. Baird cut 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 report on Monday, November 11th. Wells Fargo & Company cut 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 report on Monday, November 11th. JPMorgan Chase & Co. upped 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. Finally, Evercore ISI upped 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 given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and an average target price of $1,338.75.

Mettler-Toledo International Trading Down 0.1 %

MTD traded down $1.02 on Tuesday, reaching $1,257.86. The stock had a trading volume of 96,497 shares, compared to its average volume of 136,559. Mettler-Toledo International Inc. has a fifty-two week low of $1,068.33 and a fifty-two week high of $1,546.93. The firm has a 50-day moving average of $1,338.57 and a 200-day moving average of $1,388.61. The company has a market capitalization of $26.54 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13.

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 (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to analysts' expectations of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

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.