Champlain Investment Partners LLC Trims Position in Mettler-Toledo International Inc. (NYSE:MTD)

Champlain Investment Partners LLC trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,847 shares of the medical instruments supplier’s stock after selling 690 shares during the period. Champlain Investment Partners LLC owned 0.54% of Mettler-Toledo International worth $172,236,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTD. Family Firm Inc. bought a new stake in Mettler-Toledo International during the second quarter valued at about $25,000. Blue Trust Inc. grew its position in shares of Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Mettler-Toledo International during the 3rd quarter valued at approximately $37,000. Rothschild Investment LLC purchased a new position in Mettler-Toledo International in the 2nd quarter worth approximately $42,000. Finally, Itau Unibanco Holding S.A. bought a new position in Mettler-Toledo International in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business’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 completion of the transaction, the director now owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Trading Up 1.8 %

Shares of NYSE:MTD opened at $1,217.97 on Friday. The company has a market cap of $25.70 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.95 and a beta of 1.16. Mettler-Toledo International Inc. has a 12 month low of $1,059.08 and a 12 month high of $1,546.93. The company has a 50-day moving average price of $1,361.85 and a 200 day moving average price of $1,397.91.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price objective 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 report on Monday, November 11th. Wells Fargo & Company reduced their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Evercore ISI increased 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 report on Tuesday, October 1st. Stifel Nicolaus reduced 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. Finally, JPMorgan Chase & Co. boosted their target price 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,338.75.

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.