Fiera Capital Corp Reduces Position in Mettler-Toledo International Inc. (NYSE:MTD)

Fiera Capital Corp trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 364,976 shares of the medical instruments supplier's stock after selling 8,009 shares during the period. Mettler-Toledo International makes up approximately 1.6% of Fiera Capital Corp's holdings, making the stock its 18th largest position. Fiera Capital Corp owned approximately 1.72% of Mettler-Toledo International worth $547,355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MTD. Norden Group LLC grew its position in Mettler-Toledo International by 74.3% during the 1st quarter. Norden Group LLC now owns 413 shares of the medical instruments supplier's stock valued at $550,000 after purchasing an additional 176 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Mettler-Toledo International by 69.9% during the first quarter. Janney Montgomery Scott LLC now owns 440 shares of the medical instruments supplier's stock valued at $586,000 after acquiring an additional 181 shares in the last quarter. Jennison Associates LLC purchased a new position in Mettler-Toledo International in the 1st quarter worth approximately $429,000. Texas Permanent School Fund Corp lifted its position in Mettler-Toledo International by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 4,440 shares of the medical instruments supplier's stock valued at $5,911,000 after acquiring an additional 15 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Mettler-Toledo International by 3.7% in the 1st quarter. Empirical Finance LLC now owns 822 shares of the medical instruments supplier's stock worth $1,094,000 after purchasing an additional 29 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD stock traded down $101.49 during trading hours on Friday, reaching $1,310.03. 252,451 shares of the company traded hands, compared to its average volume of 133,355. The firm has a 50-day moving average price of $1,398.01 and a 200 day moving average price of $1,400.25. The company has a market cap of $27.80 billion, a P/E ratio of 36.05, a P/E/G ratio of 3.99 and a beta of 1.16. Mettler-Toledo International Inc. has a 12-month low of $953.28 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly 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. The business had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. Sell-side analysts predict that Mettler-Toledo International Inc. will post 40.34 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on MTD. Wells Fargo & Company began coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They set an "equal weight" rating and a $1,400.00 price objective on the stock. JPMorgan Chase & Co. increased 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 report on Monday, August 5th. Stifel Nicolaus raised their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a "buy" rating in a report on Monday, August 5th. StockNews.com raised Mettler-Toledo International from a "hold" rating to a "buy" rating in a report on Thursday, July 11th. Finally, Evercore ISI increased 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 report on Tuesday, October 1st. Two 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 company's stock. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of "Hold" and a consensus target price of $1,363.75.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company's stock, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Company 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.