500 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 500 shares of the medical instruments supplier's stock, valued at approximately $750,000.

Several other institutional investors have also modified their holdings of the business. Capital International Investors raised its stake in shares of Mettler-Toledo International by 15.1% in 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. PineStone Asset Management Inc. raised its position 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 valued at $362,855,000 after buying an additional 145,453 shares during the last quarter. TD Asset Management Inc lifted its stake in Mettler-Toledo International by 1.9% in 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 acquiring an additional 2,866 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Mettler-Toledo International by 32.5% during 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 acquiring an additional 35,048 shares during the last quarter. Finally, 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 worth $163,290,000 after acquiring an additional 57,509 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at $1,044,459.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the transaction, the director now directly owns 240 shares of the company's stock, valued at $314,820. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 1,000 shares of the stock in a transaction 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 sale, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. This trade represents a 0.00 % 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 Stock Performance

MTD traded down $2.31 on Wednesday, reaching $1,258.66. The company had a trading volume of 116,440 shares, compared to its average volume of 134,199. The company's fifty day moving average is $1,391.49 and its 200 day moving average is $1,402.80. The stock has a market cap of $26.56 billion, a P/E ratio of 34.02, a P/E/G ratio of 4.16 and a beta of 1.16. Mettler-Toledo International Inc. has a fifty-two week low of $1,029.01 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share 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 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, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTD. Stifel Nicolaus decreased 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 report on Monday. Evercore ISI upped their price objective on 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. Robert W. Baird decreased their target price 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. JPMorgan Chase & Co. increased their price target on shares of 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 lowered their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a research note on Monday. Two equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.