Loomis Sayles & Co. L P Buys 3,644 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Loomis Sayles & Co. L P increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,902 shares of the medical instruments supplier's stock after acquiring an additional 3,644 shares during the quarter. Loomis Sayles & Co. L P owned 0.99% of Mettler-Toledo International worth $314,790,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MTD. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at approximately $25,000. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC purchased a new position in Mettler-Toledo International during the third quarter valued at approximately $37,000. Rothschild Investment LLC purchased a new position in Mettler-Toledo International during the second quarter valued at approximately $42,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Mettler-Toledo International during the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 0.5 %

Shares of MTD traded up $6.50 during mid-day trading on Monday, hitting $1,224.47. 254,732 shares of the company's stock were exchanged, compared to its average volume of 137,169. The firm has a fifty day moving average of $1,361.85 and a two-hundred day moving average of $1,399.98. Mettler-Toledo International Inc. has a twelve month low of $1,059.08 and a twelve month high of $1,546.93. The stock has a market cap of $25.84 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 4.02 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted 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. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. On average, equities analysts predict that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MTD. 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. Stifel Nicolaus lowered their price objective on shares of 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. Wells Fargo & Company lowered their price objective 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. Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1,338.75.

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.