BTIM Corp. reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,429 shares of the company’s stock after selling 2,015 shares during the period. BTIM Corp.’s holdings in Mettler-Toledo International were worth $49,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service raised its stake in Mettler-Toledo International by 9.3% in the third quarter. National Pension Service now owns 24,275 shares of the company’s stock valued at $10,191,000 after buying an additional 2,069 shares during the last quarter. MSI Financial Services Inc raised its stake in Mettler-Toledo International by 16.2% in the third quarter. MSI Financial Services Inc now owns 301 shares of the company’s stock valued at $126,000 after buying an additional 42 shares during the last quarter. Genesee Valley Trust Co. purchased a new stake in Mettler-Toledo International during the third quarter valued at $307,000. Capstone Asset Management Co. raised its stake in Mettler-Toledo International by 25.6% in the third quarter. Capstone Asset Management Co. now owns 4,693 shares of the company’s stock valued at $1,970,000 after buying an additional 956 shares during the last quarter. Finally, Atria Investments LLC purchased a new stake in Mettler-Toledo International during the third quarter valued at $287,000. 97.86% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded down 0.44% during trading on Wednesday, reaching $419.84. 12,164 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $413.37 and its 200-day moving average price is $395.52. Mettler-Toledo International Inc. has a 52-week low of $291.33 and a 52-week high of $434.50. The stock has a market cap of $11.01 billion, a PE ratio of 31.00 and a beta of 1.24.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $3.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.66 by $0.23. The firm earned $650.60 million during the quarter, compared to the consensus estimate of $627.37 million. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.26 EPS. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post $14.65 EPS for the current year.

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MTD has been the topic of several research analyst reports. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $472.00 price target on the stock in a research note on Wednesday. Bank of America Corp. raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their price target for the company from $404.33 to $470.00 in a research note on Wednesday, August 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Mettler-Toledo International presently has a consensus rating of “Hold” and an average price target of $392.57.

In other news, Director Robert F. Spoerry sold 236 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $420.00, for a total value of $99,120.00. Following the completion of the transaction, the director now directly owns 5,823 shares in the company, valued at approximately $2,445,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William P. Donnelly sold 30,067 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $427.88, for a total transaction of $12,865,067.96. Following the completion of the transaction, the insider now owns 21,000 shares of the company’s stock, valued at $8,985,480. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.

5 Day Chart for NYSE:MTD

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