Congress Asset Management Co. Trims Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Congress Asset Management Co. decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 21.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,350 shares of the medical instruments supplier's stock after selling 373 shares during the period. Congress Asset Management Co.'s holdings in Mettler-Toledo International were worth $2,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital International Investors increased its stake in Mettler-Toledo International by 15.1% in the first quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier's stock valued at $1,431,696,000 after acquiring an additional 141,431 shares during the last quarter. PineStone Asset Management Inc. increased its position in shares of Mettler-Toledo International by 127.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier's stock valued at $362,855,000 after purchasing an additional 145,453 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Mettler-Toledo International by 1.9% during the 2nd quarter. TD Asset Management Inc now owns 157,247 shares of the medical instruments supplier's stock valued at $219,767,000 after buying an additional 2,866 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 worth $199,777,000 after buying an additional 35,048 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Mettler-Toledo International by 88.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier's stock worth $163,290,000 after buying an additional 57,509 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the company's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Christian Magloth sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at $1,044,459.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company's stock, valued at approximately $6,884,514. The trade was a 0.00 % 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.

Mettler-Toledo International Trading Up 3.9 %

Shares of MTD stock traded up $50.34 during trading hours on Friday, reaching $1,342.09. The company's stock had a trading volume of 173,844 shares, compared to its average volume of 108,771. Mettler-Toledo International Inc. has a one year low of $953.28 and a one year high of $1,546.93. The stock has a market capitalization of $28.48 billion, a P/E ratio of 36.93, a P/E/G ratio of 3.78 and a beta of 1.16. The firm's fifty day simple moving average is $1,403.38 and its 200 day simple moving average is $1,395.42.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $10.19 EPS. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.