Charles Schwab Investment Management Inc. Cuts Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Charles Schwab Investment Management Inc. lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 139,001 shares of the medical instruments supplier’s stock after selling 492 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Mettler-Toledo International were worth $208,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PineStone Asset Management Inc. lifted its holdings in Mettler-Toledo International by 127.4% during the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock worth $362,855,000 after buying an additional 145,453 shares during the period. International Assets Investment Management LLC boosted its position in Mettler-Toledo International by 149,870.0% during the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after purchasing an additional 89,922 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 valued at $163,290,000 after purchasing an additional 57,509 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Mettler-Toledo International by 32.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock worth $199,777,000 after purchasing an additional 35,048 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Mettler-Toledo International during the first quarter valued at about $26,867,000. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Up 1.8 %

Shares of NYSE:MTD opened at $1,217.97 on Friday. The business has a 50-day moving average price of $1,361.85 and a 200-day moving average price of $1,398.96. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.95 and a beta of 1.16. Mettler-Toledo International Inc. has a 52-week low of $1,059.08 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, equities analysts anticipate that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction dated 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 sale, the director now owns 240 shares in the company, valued at $314,820. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MTD has been the topic of a number of analyst reports. Robert W. Baird cut their price objective 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. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Wells Fargo & Company reduced their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Finally, 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 report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,338.75.

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.