Carnegie Investment Counsel Has $17.44 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Carnegie Investment Counsel lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,256 shares of the medical instruments supplier's stock after buying an additional 205 shares during the quarter. Carnegie Investment Counsel owned approximately 0.07% of Mettler-Toledo International worth $17,444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MTD. State Street Corp raised its stake in Mettler-Toledo International by 1.0% during the third quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier's stock worth $1,431,693,000 after acquiring an additional 9,009 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mettler-Toledo International by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 547,439 shares of the medical instruments supplier's stock worth $818,906,000 after purchasing an additional 4,166 shares during the last quarter. Barclays PLC boosted its position in Mettler-Toledo International by 8.3% during the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock valued at $384,822,000 after purchasing an additional 19,609 shares during the period. JPMorgan Chase & Co. boosted its position in Mettler-Toledo International by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock valued at $332,634,000 after purchasing an additional 28,478 shares during the period. Finally, Loomis Sayles & Co. L P grew its stake in Mettler-Toledo International by 1.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 209,902 shares of the medical instruments supplier's stock worth $314,790,000 after buying an additional 3,644 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Down 0.1 %

NYSE MTD traded down $1.75 on Friday, reaching $1,295.77. 91,463 shares of the stock traded hands, compared to its average volume of 120,706. Mettler-Toledo International Inc. has a 12 month low of $1,133.46 and a 12 month high of $1,546.93. The firm's fifty day simple moving average is $1,244.08 and its 200 day simple moving average is $1,344.96. The company has a market cap of $27.34 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 3.83 and a beta of 1.12.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $941.93 million. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Elisha W. Finney sold 76 shares of the firm's stock in a transaction 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 directly owns 240 shares of the company's stock, valued at $314,820. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gerry Keller sold 140 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now directly owns 6 shares in the company, valued at $7,524.54. This trade represents 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.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MTD shares. Wells Fargo & Company reduced their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Robert W. Baird reduced their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Evercore ISI upgraded Mettler-Toledo International from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. Finally, Stifel Nicolaus decreased 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 report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and an average target price of $1,351.25.

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.