Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,432 shares of the medical instruments supplier’s stock after selling 1,788 shares during the period. Mettler-Toledo International accounts for approximately 0.8% of Northwest & Ethical Investments L.P.’s investment portfolio, making the stock its 29th biggest holding. Northwest & Ethical Investments L.P.’s holdings in Mettler-Toledo International were worth $29,142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PineStone Asset Management Inc. raised its position in shares of Mettler-Toledo International by 127.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock worth $362,855,000 after acquiring an additional 145,453 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Mettler-Toledo International by 1.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 209,902 shares of the medical instruments supplier’s stock worth $314,790,000 after acquiring an additional 3,644 shares in the last quarter. TD Asset Management Inc raised its position in shares of Mettler-Toledo International by 1.9% during the 2nd quarter. TD Asset Management Inc now owns 157,247 shares of the medical instruments supplier’s stock worth $219,767,000 after acquiring an additional 2,866 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of 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 in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock worth $134,946,000 after acquiring an additional 89,922 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $11.45 during midday trading on Thursday, hitting $1,243.75. The company had a trading volume of 89,020 shares, compared to its average volume of 137,165. The company’s 50 day simple moving average is $1,352.26 and its 200 day simple moving average is $1,396.49. Mettler-Toledo International Inc. has a 52-week low of $1,059.08 and a 52-week high of $1,546.93. The stock has a market cap of $26.24 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 4.04 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $941.93 million. Analysts anticipate that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Insider Activity at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction that occurred 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 sale, the director now directly owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of several research analyst reports. Stifel Nicolaus cut 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. lifted their price target 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. Robert W. Baird cut their price target on 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. 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 report on Monday, November 11th. Finally, Evercore ISI lifted 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. Two 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.