Cerity Partners LLC Acquires 970 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Cerity Partners LLC lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 43.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,218 shares of the medical instruments supplier's stock after purchasing an additional 970 shares during the period. Cerity Partners LLC's holdings in Mettler-Toledo International were worth $4,826,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Meridian Wealth Management LLC acquired a new position in Mettler-Toledo International during the 3rd quarter valued at $669,000. Citizens Financial Group Inc. RI raised its position in shares of Mettler-Toledo International by 15.3% during the third quarter. Citizens Financial Group Inc. RI now owns 271 shares of the medical instruments supplier's stock valued at $406,000 after buying an additional 36 shares during the last quarter. Grandfield & Dodd LLC lifted its stake in shares of Mettler-Toledo International by 17.8% in the third quarter. Grandfield & Dodd LLC now owns 11,629 shares of the medical instruments supplier's stock valued at $17,440,000 after buying an additional 1,756 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Mettler-Toledo International by 3.1% in the third quarter. Advisors Asset Management Inc. now owns 1,278 shares of the medical instruments supplier's stock valued at $1,917,000 after buying an additional 39 shares during the period. Finally, Commerce Bank increased its stake in Mettler-Toledo International by 17.8% during the third quarter. Commerce Bank now owns 3,139 shares of the medical instruments supplier's stock valued at $4,708,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MTD. JPMorgan Chase & Co. boosted their price objective 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 lowered their price target 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. Stifel Nicolaus lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 1st. Finally, Robert W. Baird decreased their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $1,338.75.

Insiders Place Their Bets

In other news, Director Elisha W. Finney sold 76 shares of the business'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 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 legal filing with the SEC, which is available through this link. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded up $7.45 during mid-day trading on Friday, hitting $1,250.85. 74,429 shares of the stock were exchanged, compared to its average volume of 136,894. The company has a market cap of $26.39 billion, a P/E ratio of 33.72, a PEG ratio of 4.10 and a beta of 1.16. Mettler-Toledo International Inc. has a twelve month low of $1,068.33 and a twelve month high of $1,546.93. The stock's fifty day simple moving average is $1,345.17 and its two-hundred day simple moving average is $1,393.97.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. As a group, equities research analysts predict that Mettler-Toledo International Inc. will post 40.39 earnings per share 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.