Paloma Partners Management Co Sells 1,480 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Paloma Partners Management Co reduced its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 88.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the medical instruments supplier's stock after selling 1,480 shares during the quarter. Paloma Partners Management Co's holdings in Mettler-Toledo International were worth $300,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC increased its holdings in shares of Mettler-Toledo International by 8.0% in the 1st quarter. Cetera Advisors LLC now owns 459 shares of the medical instruments supplier's stock worth $611,000 after buying an additional 34 shares during the last quarter. Mather Group LLC. boosted its position in Mettler-Toledo International by 69.2% during the 2nd quarter. Mather Group LLC. now owns 44 shares of the medical instruments supplier's stock valued at $59,000 after buying an additional 18 shares during the period. CWM LLC boosted its position in Mettler-Toledo International by 7.4% during the 2nd quarter. CWM LLC now owns 625 shares of the medical instruments supplier's stock valued at $873,000 after buying an additional 43 shares during the period. Simplicity Wealth LLC lifted its position in shares of Mettler-Toledo International by 10.8% in the 2nd quarter. Simplicity Wealth LLC now owns 911 shares of the medical instruments supplier's stock worth $1,273,000 after purchasing an additional 89 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter worth about $419,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MTD shares. Stifel Nicolaus dropped their target price 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 report on Monday, November 11th. Robert W. Baird decreased their price target on shares of 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. Wells Fargo & Company decreased 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. Finally, Evercore ISI raised their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $1,338.75.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $8.21 during trading hours on Friday, reaching $1,256.11. The company had a trading volume of 52,375 shares, compared to its average volume of 135,811. The business has a fifty day moving average price of $1,330.54 and a 200-day moving average price of $1,386.75. Mettler-Toledo International Inc. has a one year low of $1,086.88 and a one year high of $1,546.93. The firm has a market cap of $26.51 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13.

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 analysts' consensus estimates of $10.00 by $0.21. The company had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Equities research analysts forecast that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other 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 sale, the director now owns 240 shares in the company, 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 SEC, which is available at the SEC website. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International 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 sale, the insider now owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

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.