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

Northwest & Ethical Investments L.P. decreased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,432 shares of the medical instruments supplier’s stock after selling 1,788 shares during the period. Mettler-Toledo International makes up approximately 0.8% of Northwest & Ethical Investments L.P.’s investment portfolio, making the stock its 29th largest position. Northwest & Ethical Investments L.P. owned about 0.09% of Mettler-Toledo International worth $29,142,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MTD. B. Riley Wealth Advisors Inc. acquired a new position in shares of Mettler-Toledo International during the 1st quarter valued at about $317,000. Plato Investment Management Ltd grew its stake in shares of Mettler-Toledo International by 1,200.0% in the 1st quarter. Plato Investment Management Ltd now owns 351 shares of the medical instruments supplier’s stock valued at $467,000 after buying an additional 324 shares during the period. Swedbank AB acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $26,867,000. Atria Investments Inc raised its position in shares of Mettler-Toledo International by 0.5% during the 1st quarter. Atria Investments Inc now owns 2,974 shares of the medical instruments supplier’s stock valued at $3,959,000 after buying an additional 15 shares during the period. Finally, Cetera Advisors LLC raised its position in shares of Mettler-Toledo International by 8.0% during the 1st quarter. Cetera Advisors LLC now owns 459 shares of the medical instruments supplier’s stock valued at $611,000 after buying an additional 34 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Up 0.9 %

Mettler-Toledo International stock traded up $11.45 during midday trading on Thursday, reaching $1,243.75. 89,020 shares of the stock traded hands, compared to its average volume of 137,165. The company has a 50-day simple moving average of $1,352.26 and a two-hundred day simple moving average of $1,396.49. Mettler-Toledo International Inc. has a 12-month low of $1,059.08 and a 12-month high of $1,546.93. The firm has a market cap of $26.24 billion, a PE ratio of 33.53, a price-to-earnings-growth 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 EPS 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 analysts’ expectations of $941.93 million. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on MTD shares. JPMorgan Chase & Co. upped 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 note on Monday, August 5th. Stifel Nicolaus lowered their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Evercore ISI increased 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. Robert W. Baird lowered their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Finally, Wells Fargo & Company lowered their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,338.75.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the 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 of the company’s stock, valued at $314,820. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is owned by corporate 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.