Davis R M Inc. cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,406 shares of the medical instruments supplier's stock after selling 1,309 shares during the period. Mettler-Toledo International makes up approximately 1.1% of Davis R M Inc.'s holdings, making the stock its 28th biggest position. Davis R M Inc. owned about 0.19% of Mettler-Toledo International worth $59,097,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth $25,000. Blue Trust Inc. lifted its stake in Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock valued at $34,000 after buying an additional 17 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Mettler-Toledo International during the 3rd quarter worth approximately $37,000. Rothschild Investment LLC acquired a new stake in shares of Mettler-Toledo International in the second quarter worth $42,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Mettler-Toledo International during the second quarter valued at $42,000. Institutional investors and hedge funds own 95.07% of the company's stock.
Mettler-Toledo International Trading Up 1.6 %
Mettler-Toledo International stock traded up $19.17 on Monday, reaching $1,237.14. 63,471 shares of the stock were exchanged, compared to its average volume of 136,331. Mettler-Toledo International Inc. has a twelve month low of $1,059.08 and a twelve month high of $1,546.93. The firm has a fifty day moving average price of $1,361.85 and a two-hundred day moving average price of $1,399.98. The stock has a market cap of $26.10 billion, a PE ratio of 32.84, a PEG ratio of 4.02 and a beta of 1.16.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. Equities analysts anticipate that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. 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 research report on Monday, November 11th. Robert W. Baird lowered their price objective 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. 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. 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 on the stock in a research report on Monday, November 11th. Finally, Evercore ISI boosted their target price 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 analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $1,338.75.
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Insider Activity at Mettler-Toledo International
In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the firm'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 value of $99,693.00. Following the completion of the sale, the director now owns 240 shares in the company, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.94% of the company's stock.
Mettler-Toledo International Profile
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Free Report)
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.
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