136 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Purchased by Canopy Partners LLC

Canopy Partners LLC acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 136 shares of the medical instruments supplier’s stock, valued at approximately $204,000.

A number of other institutional investors also recently modified their holdings of the company. Gateway Investment Advisers LLC bought a new position in shares of Mettler-Toledo International in the second quarter valued at about $685,000. Swedbank AB acquired a new stake in shares of Mettler-Toledo International in the first quarter valued at approximately $26,867,000. SG Americas Securities LLC raised its position in Mettler-Toledo International by 52.9% in the 2nd quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier’s stock worth $6,312,000 after purchasing an additional 1,562 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Mettler-Toledo International by 14.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock worth $1,860,000 after acquiring an additional 152 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Mettler-Toledo International by 212.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier’s stock valued at $1,828,000 after acquiring an additional 889 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,217.97 on Friday. The stock’s 50-day simple moving average is $1,361.85 and its 200 day simple moving average is $1,397.91. Mettler-Toledo International Inc. has a 52-week low of $1,059.08 and a 52-week high of $1,546.93. The company has a market cap of $25.70 billion, a P/E ratio of 32.84, a P/E/G ratio of 3.95 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last announced 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. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The company had revenue of $954.54 million for the quarter, compared to analysts’ expectations of $941.93 million. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTD has been the topic of a number of research reports. Robert W. Baird cut their target price 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. JPMorgan Chase & Co. lifted their target price on shares of 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. Wells Fargo & Company cut their price target on 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, November 11th. Evercore ISI lifted 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. Finally, Stifel Nicolaus reduced their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Two 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 MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,338.75.

Insider Activity at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. This represents a 24.05 % 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. 1.94% of the stock is currently owned by company insiders.

About Mettler-Toledo International

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.