iA Global Asset Management Inc. Sells 73,510 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

iA Global Asset Management Inc. lessened its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 98.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 852 shares of the medical instruments supplier's stock after selling 73,510 shares during the period. iA Global Asset Management Inc.'s holdings in Mettler-Toledo International were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MTD. EP Wealth Advisors LLC bought a new stake in shares of Mettler-Toledo International during the third quarter valued at approximately $223,000. Kovitz Investment Group Partners LLC raised its holdings in Mettler-Toledo International by 64.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 704 shares of the medical instruments supplier's stock worth $1,056,000 after purchasing an additional 275 shares during the period. Wellington Management Group LLP boosted its position in shares of Mettler-Toledo International by 17.5% in the third quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier's stock worth $266,891,000 after purchasing an additional 26,443 shares during the period. State Street Corp boosted its stake in shares of Mettler-Toledo International by 1.0% in the third quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier's stock worth $1,431,693,000 after acquiring an additional 9,009 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of Mettler-Toledo International by 17.8% in the third quarter. Quantinno Capital Management LP now owns 5,524 shares of the medical instruments supplier's stock worth $8,285,000 after buying an additional 836 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Insiders Place Their Bets

In related news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now directly owns 240 shares of the company's stock, valued at $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gerry Keller sold 140 shares of the firm's stock in a transaction dated 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 directly owns 6 shares of the company's stock, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded up $23.47 during mid-day trading on Monday, hitting $1,281.39. The company had a trading volume of 155,089 shares, compared to its average volume of 136,116. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 4.15 and a beta of 1.13. The firm's 50 day simple moving average is $1,321.79 and its two-hundred day simple moving average is $1,381.76. Mettler-Toledo International Inc. has a 12 month low of $1,088.61 and a 12 month high of $1,546.93.

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. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The firm had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Equities analysts forecast that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on MTD shares. Stifel Nicolaus dropped their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Evercore ISI lifted 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 note on Tuesday, October 1st. Wells Fargo & Company cut their price objective 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, November 11th. Finally, Robert W. Baird reduced 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 report on Monday, November 11th. Two 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's stock. Based on data from MarketBeat.com, Mettler-Toledo International has an average 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.