Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 91.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254 shares of the medical instruments supplier's stock after selling 2,746 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Mettler-Toledo International were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eventide Asset Management LLC lifted its holdings in Mettler-Toledo International by 7.5% in the 3rd quarter. Eventide Asset Management LLC now owns 79,129 shares of the medical instruments supplier's stock valued at $118,670,000 after purchasing an additional 5,504 shares in the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Mettler-Toledo International by 13.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 2,073 shares of the medical instruments supplier's stock worth $3,109,000 after acquiring an additional 244 shares during the last quarter. Capstone Investment Advisors LLC increased its stake in shares of Mettler-Toledo International by 4.4% in the 3rd quarter. Capstone Investment Advisors LLC now owns 517 shares of the medical instruments supplier's stock worth $775,000 after acquiring an additional 22 shares during the last quarter. Vinva Investment Management Ltd increased its stake in shares of Mettler-Toledo International by 74.2% in the 3rd quarter. Vinva Investment Management Ltd now owns 2,364 shares of the medical instruments supplier's stock worth $3,496,000 after acquiring an additional 1,007 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of Mettler-Toledo International by 12.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 915 shares of the medical instruments supplier's stock worth $1,372,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Trading Up 0.3 %

MTD stock traded up $4.30 during trading on Wednesday, hitting $1,262.16. 74,717 shares of the company's stock were exchanged, compared to its average volume of 136,295. The business has a 50-day moving average price of $1,338.57 and a two-hundred day moving average price of $1,388.61. The stock has a market capitalization of $26.63 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 4.15 and a beta of 1.13. Mettler-Toledo International Inc. has a 52-week low of $1,068.33 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 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 analyst estimates 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, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Gerry Keller sold 140 shares of the company's stock in a transaction 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 transaction, the insider now owns 6 shares of the company's stock, valued at $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elisha W. Finney sold 76 shares of the business'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 sale, the director now owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTD. Robert W. Baird cut their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. Evercore ISI raised their price objective on 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. Stifel Nicolaus dropped 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 research report on Monday, November 11th. Finally, Wells Fargo & Company dropped their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $1,338.75.

About Mettler-Toledo International

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.