Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 39.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,531 shares of the medical instruments supplier's stock after purchasing an additional 711 shares during the period. Crossmark Global Holdings Inc.'s holdings in Mettler-Toledo International were worth $3,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTD. Family Firm Inc. purchased a new stake in Mettler-Toledo International during the second quarter worth $25,000. Blue Trust Inc. raised its holdings in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after purchasing an additional 17 shares during the period. Rothschild Investment LLC acquired a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $42,000. Itau Unibanco Holding S.A. purchased a new stake in Mettler-Toledo International in the 2nd quarter worth $42,000. Finally, Crewe Advisors LLC lifted its holdings in Mettler-Toledo International by 244.4% during the second quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier's stock valued at $43,000 after purchasing an additional 22 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Up 0.2 %

MTD traded up $2.34 during mid-day trading on Tuesday, hitting $1,252.41. 38,250 shares of the stock were exchanged, compared to its average volume of 133,718. The company has a market cap of $26.57 billion, a PE ratio of 33.70, a PEG ratio of 3.83 and a beta of 1.16. The firm's fifty day moving average is $1,394.23 and its two-hundred day moving average is $1,402.64. Mettler-Toledo International Inc. has a 1-year low of $1,015.29 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $954.54 million during the quarter, compared to analysts' expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 532.25%. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MTD. Robert W. Baird lowered 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. Evercore ISI increased their price target 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. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. Stifel Nicolaus reduced their target price 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 note on Monday. Finally, Wells Fargo & Company cut their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a report on Monday. 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. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and an average price target of $1,338.75.

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.