MML Investors Services LLC Acquires 893 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

MML Investors Services LLC raised its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 488.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,076 shares of the medical instruments supplier's stock after purchasing an additional 893 shares during the period. MML Investors Services LLC's holdings in Mettler-Toledo International were worth $1,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTD. International Assets Investment Management LLC raised its stake in shares of Mettler-Toledo International by 149,870.0% in the third 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mettler-Toledo International by 32.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier's stock valued at $199,777,000 after buying an additional 35,048 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Mettler-Toledo International by 17.5% in the 3rd quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier's stock valued at $266,891,000 after buying an additional 26,443 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Mettler-Toledo International by 1,940.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier's stock worth $27,604,000 after acquiring an additional 17,504 shares during the period. Finally, Applied Finance Capital Management LLC increased its stake 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 period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now owns 240 shares of the company's stock, valued at $314,820. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gerry Keller sold 140 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MTD has been the subject of a number of analyst reports. 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 research note on Monday, November 11th. Citigroup raised Mettler-Toledo International from a "sell" rating to a "neutral" rating and boosted their price target for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Stifel Nicolaus dropped their price objective on 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 upped their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a report on Tuesday, October 1st. Finally, Robert W. Baird reduced their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $1,351.25.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $0.90 during trading hours on Wednesday, reaching $1,247.78. 22,365 shares of the company were exchanged, compared to its average volume of 134,887. Mettler-Toledo International Inc. has a fifty-two week low of $1,115.64 and a fifty-two week high of $1,546.93. The stock's fifty day moving average is $1,297.64 and its two-hundred day moving average is $1,374.43. The company has a market cap of $26.33 billion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 4.19 and a beta of 1.13.

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 EPS for the quarter, beating analysts' consensus estimates of $10.00 by $0.21. The firm 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, research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

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.