Loomis Sayles & Co. L P Has $314.79 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Loomis Sayles & Co. L P boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 209,902 shares of the medical instruments supplier’s stock after purchasing an additional 3,644 shares during the quarter. Loomis Sayles & Co. L P owned about 0.99% of Mettler-Toledo International worth $314,790,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. PineStone Asset Management Inc. increased its stake in shares of Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after acquiring an additional 145,453 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Mettler-Toledo International by 1.9% during the second quarter. TD Asset Management Inc now owns 157,247 shares of the medical instruments supplier’s stock valued at $219,767,000 after purchasing an additional 2,866 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Mettler-Toledo International by 32.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock valued at $199,777,000 after purchasing an additional 35,048 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Mettler-Toledo International by 88.3% in the 1st 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 buying an additional 57,509 shares during the period. Finally, International Assets Investment Management LLC increased its position in Mettler-Toledo International by 149,870.0% in the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after buying an additional 89,922 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Stifel Nicolaus cut 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. 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 for the company in a research note on Monday, November 11th. Evercore ISI raised their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Finally, Robert W. Baird decreased their target price 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 report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Mettler-Toledo International currently has a consensus 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 company’s stock in a transaction 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 of the company’s stock, valued at $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Stock Up 1.8 %

Mettler-Toledo International stock opened at $1,217.97 on Monday. The stock has a market cap of $25.70 billion, a P/E ratio of 32.84, a P/E/G ratio of 4.02 and a beta of 1.16. The company’s 50 day moving average price is $1,361.85 and its two-hundred day moving average price 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.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly 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. The company had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. On average, equities analysts anticipate that Mettler-Toledo International Inc. will post 40.39 EPS 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.