Mettler-Toledo International Inc. (NYSE:MTD) Holdings Boosted by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 107.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,452 shares of the medical instruments supplier's stock after buying an additional 7,496 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of Mettler-Toledo International worth $21,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MTD. International Assets Investment Management LLC raised its stake in Mettler-Toledo International by 149,870.0% during the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock worth $134,946,000 after purchasing an additional 89,922 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 buying an additional 35,048 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Mettler-Toledo International by 17.5% during the 3rd quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier's stock worth $266,891,000 after buying an additional 26,443 shares during the last quarter. Thrivent Financial for Lutherans raised its position 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 worth $27,604,000 after buying an additional 17,504 shares during the period. Finally, Applied Finance Capital Management LLC boosted its holdings in 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 acquiring an additional 15,117 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MTD shares. Wells Fargo & Company cut their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 1st. Robert W. Baird decreased their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research report on Monday, November 11th. Finally, Stifel Nicolaus reduced 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 note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $1,338.75.

Insiders Place Their Bets

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

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $11.00 during midday trading on Tuesday, reaching $1,270.69. 106,299 shares of the company's stock were exchanged, compared to its average volume of 136,031. The stock has a market capitalization of $26.82 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13. Mettler-Toledo International Inc. has a 52-week low of $1,088.61 and a 52-week high of $1,546.93. The business's fifty day moving average price is $1,321.79 and its two-hundred day moving average price is $1,381.76.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted 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 company had revenue of $954.54 million for 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%. Analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

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.