Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Fmr LLC

FMR LLC trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 42.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,255 shares of the medical instruments supplier's stock after selling 49,915 shares during the quarter. FMR LLC owned approximately 0.32% of Mettler-Toledo International worth $102,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PineStone Asset Management Inc. raised its holdings in shares of Mettler-Toledo International by 127.4% in the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier's stock valued at $362,855,000 after buying an additional 145,453 shares during the last quarter. International Assets Investment Management LLC raised its stake in Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock valued at $134,946,000 after acquiring an additional 89,922 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mettler-Toledo International by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier's stock worth $199,777,000 after acquiring an additional 35,048 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Mettler-Toledo International by 1,940.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier's stock valued at $27,604,000 after purchasing an additional 17,504 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its holdings in shares of Mettler-Toledo International by 2,952.5% in the third quarter. Applied Finance Capital Management LLC now owns 15,629 shares of the medical instruments supplier's stock valued at $23,439,000 after purchasing an additional 15,117 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares of the company's stock, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of the stock in a transaction 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 transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI increased 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 report on Tuesday, October 1st. Wells Fargo & Company decreased their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Robert W. Baird dropped 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. Finally, Stifel Nicolaus reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and an average price target of $1,338.75.

Mettler-Toledo International Stock Performance

NYSE:MTD traded down $14.85 during mid-day trading on Thursday, hitting $1,247.90. 105,356 shares of the company's stock traded hands, compared to its average volume of 136,179. Mettler-Toledo International Inc. has a 1 year low of $1,086.88 and a 1 year high of $1,546.93. The company has a market cap of $26.33 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13. The firm's 50 day simple moving average is $1,330.54 and its 200 day simple moving average is $1,386.75.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. On average, research analysts expect that Mettler-Toledo International Inc. will post 40.42 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.