KBC Group NV Trims Position in Mettler-Toledo International Inc. (NYSE:MTD)

KBC Group NV trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 34.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,053 shares of the medical instruments supplier's stock after selling 6,420 shares during the quarter. KBC Group NV owned about 0.06% of Mettler-Toledo International worth $18,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTD. Aigen Investment Management LP purchased a new position in Mettler-Toledo International during the 3rd quarter worth approximately $357,000. Verus Capital Partners LLC raised its holdings in shares of Mettler-Toledo International by 11.2% during the third quarter. Verus Capital Partners LLC now owns 218 shares of the medical instruments supplier's stock worth $327,000 after purchasing an additional 22 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Mettler-Toledo International by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,216 shares of the medical instruments supplier's stock valued at $72,310,000 after purchasing an additional 698 shares during the period. Versor Investments LP purchased a new stake in Mettler-Toledo International in the third quarter valued at $1,755,000. Finally, Venturi Wealth Management LLC grew its position in Mettler-Toledo International by 47.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 384 shares of the medical instruments supplier's stock worth $576,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 4.7 %

NYSE:MTD traded down $58.20 during trading hours on Friday, reaching $1,179.58. 356,231 shares of the company were exchanged, 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. Mettler-Toledo International Inc. has a twelve month low of $1,041.49 and a twelve month high of $1,546.93. The firm has a market cap of $24.89 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 4.16 and a beta of 1.16.

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 analysts' consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 40.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MTD. Robert W. Baird decreased their price objective 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. Stifel Nicolaus lowered their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a report on Monday, August 5th. 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. Finally, Wells Fargo & Company dropped 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 research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and an average target price of $1,338.75.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The shares were 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 represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.94% of the company's stock.

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.