NorthRock Partners LLC Sells 485 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

NorthRock Partners LLC lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 53.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 414 shares of the medical instruments supplier's stock after selling 485 shares during the quarter. NorthRock Partners LLC's holdings in Mettler-Toledo International were worth $621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTD. PineStone Asset Management Inc. increased its holdings in Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier's stock worth $362,855,000 after buying an additional 145,453 shares in the last quarter. Capital International Investors grew its stake in shares of Mettler-Toledo International by 15.1% during the 1st quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier's stock valued at $1,431,696,000 after purchasing an additional 141,431 shares during the period. International Assets Investment Management LLC grew its stake in shares of Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock valued at $134,946,000 after purchasing an additional 89,922 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Mettler-Toledo International by 88.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier's stock valued at $163,290,000 after purchasing an additional 57,509 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of Mettler-Toledo International by 53.1% during the 1st quarter. TD Asset Management Inc now owns 154,381 shares of the medical instruments supplier's stock valued at $205,526,000 after purchasing an additional 53,561 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MTD shares. Stifel Nicolaus boosted their price target on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a "buy" rating in a research note on Monday, August 5th. StockNews.com upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Thursday, July 11th. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company assumed coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They set an "equal weight" rating and a $1,400.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and a consensus target price of $1,363.75.

Insider Buying and Selling

In related news, insider Christian Magloth sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at approximately $1,044,459.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Stock Up 0.9 %

NYSE MTD traded up $12.40 during trading hours on Wednesday, reaching $1,398.19. The company's stock had a trading volume of 210,417 shares, compared to its average volume of 113,031. The firm's 50-day moving average price is $1,400.98 and its 200-day moving average price is $1,399.40. Mettler-Toledo International Inc. has a 1 year low of $953.28 and a 1 year high of $1,546.93. The company has a market capitalization of $29.67 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 3.99 and a beta of 1.16.

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.