Loomis Sayles & Co. L P Acquires 3,644 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Loomis Sayles & Co. L P grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 209,902 shares of the medical instruments supplier’s stock after buying an additional 3,644 shares during the period. Loomis Sayles & Co. L P’s holdings in Mettler-Toledo International were worth $314,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in Mettler-Toledo International by 17.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,366 shares of the medical instruments supplier’s stock worth $1,819,000 after purchasing an additional 199 shares in the last quarter. BOKF NA boosted its position in shares of Mettler-Toledo International by 11.7% in the first quarter. BOKF NA now owns 1,155 shares of the medical instruments supplier’s stock valued at $1,549,000 after acquiring an additional 121 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 acquiring an additional 57,509 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in Mettler-Toledo International during the first quarter valued at approximately $317,000. Finally, Meiji Yasuda Life Insurance Co bought a new stake in Mettler-Toledo International during the 1st quarter worth approximately $666,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Wells Fargo & Company decreased 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 note 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 company a “neutral” rating in a research report on Monday, August 5th. Robert W. Baird lowered 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 note on Monday, November 11th. Finally, Stifel Nicolaus decreased their price target on shares of 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 issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,338.75.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the company’s 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 transaction of $99,693.00. Following the transaction, the director now owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Up 1.8 %

Shares of NYSE:MTD opened at $1,217.97 on Monday. The company’s fifty day moving average is $1,361.85 and its 200 day moving average is $1,399.98. 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 $25.70 billion, a PE ratio of 32.84, a PEG ratio of 4.02 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $941.93 million. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

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.