Baillie Gifford & Co. Lowers Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Baillie Gifford & Co. trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD) by 46.4% in the 3rd quarter, Holdings Channel reports. The firm owned 97,005 shares of the medical instruments supplier’s stock after selling 84,123 shares during the quarter. Baillie Gifford & Co.’s holdings in Mettler-Toledo International were worth $145,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MTD. Family Firm Inc. purchased a new position in Mettler-Toledo International in the 2nd quarter worth approximately $25,000. Blue Trust Inc. boosted its holdings in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter valued at about $37,000. Rothschild Investment LLC purchased a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $42,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Mettler-Toledo International in the 2nd quarter worth approximately $42,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. 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 on the stock in a research note on Monday. Robert W. Baird lowered 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. JPMorgan Chase & Co. lifted their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus lowered 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 report on Monday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $1,338.75.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,250.07 on Tuesday. Mettler-Toledo International Inc. has a 1 year low of $1,015.29 and a 1 year high of $1,546.93. The stock has a market capitalization of $26.53 billion, a P/E ratio of 33.70, a P/E/G ratio of 3.83 and a beta of 1.16. The company’s 50-day moving average is $1,394.23 and its 200 day moving average is $1,402.64.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results 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. The firm had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 532.25% and a net margin of 21.15%. Research analysts anticipate that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current year.

Mettler-Toledo International Company 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.