Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. decreased its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 78.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,769 shares of the medical instruments supplier's stock after selling 61,098 shares during the period. Comgest Global Investors S.A.S. owned approximately 0.08% of Mettler-Toledo International worth $25,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its holdings in shares of Mettler-Toledo International by 69.9% in the first quarter. Janney Montgomery Scott LLC now owns 440 shares of the medical instruments supplier's stock worth $586,000 after acquiring an additional 181 shares during the last quarter. Empowered Funds LLC raised its stake in Mettler-Toledo International by 15.5% in the 1st quarter. Empowered Funds LLC now owns 269 shares of the medical instruments supplier's stock valued at $358,000 after purchasing an additional 36 shares during the last quarter. QRG Capital Management Inc. raised its stake in Mettler-Toledo International by 5.6% in the 1st quarter. QRG Capital Management Inc. now owns 320 shares of the medical instruments supplier's stock valued at $426,000 after purchasing an additional 17 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in Mettler-Toledo International by 3.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 696 shares of the medical instruments supplier's stock valued at $927,000 after purchasing an additional 20 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $503,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International 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 value of $99,693.00. Following the completion of the transaction, the director now directly owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.94% of the company's stock.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. Robert W. Baird cut 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. Wells Fargo & Company dropped 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 note on Monday, November 11th. Stifel Nicolaus dropped 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 research note on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Evercore ISI upped 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 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $1,338.75.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded down $58.20 on Friday, hitting $1,179.58. The stock had a trading volume of 356,231 shares, compared to its average volume of 135,396. The stock's 50 day moving average is $1,382.02 and its 200-day moving average is $1,400.14. The firm has a market capitalization of $24.89 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 4.16 and a beta of 1.16. Mettler-Toledo International Inc. has a 52-week low of $1,041.49 and a 52-week high of $1,546.93.

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, topping the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million during 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%. Equities analysts expect that Mettler-Toledo International Inc. will post 40.37 earnings per share for the current 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.