BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Decreases Position in Mettler-Toledo International Inc. (NYSE:MTD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 13.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,564 shares of the medical instruments supplier’s stock after selling 532 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Mettler-Toledo International were worth $5,345,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MTD. EverSource Wealth Advisors LLC raised its stake in Mettler-Toledo International by 8.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock worth $117,000 after acquiring an additional 7 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Mettler-Toledo International by 6.6% in the 2nd quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock valued at $158,000 after purchasing an additional 7 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Mettler-Toledo International by 7.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock valued at $166,000 after purchasing an additional 8 shares during the last quarter. DT Investment Partners LLC grew its stake in Mettler-Toledo International by 13.3% during the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock worth $102,000 after buying an additional 8 shares during the last quarter. Finally, Suncoast Equity Management increased its position in Mettler-Toledo International by 2.0% during the third quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier’s stock worth $690,000 after buying an additional 9 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MTD shares. 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 report on Monday, November 11th. Wells Fargo & Company reduced their target price 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 report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Evercore ISI upped their price objective on 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, Stifel Nicolaus decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,338.75.

Mettler-Toledo International Trading Up 0.8 %

Shares of MTD stock opened at $1,260.84 on Tuesday. Mettler-Toledo International Inc. has a 12-month low of $1,068.33 and a 12-month high of $1,546.93. The company has a market cap of $26.61 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 4.13 and a beta of 1.16. The stock has a 50 day simple moving average of $1,342.27 and a 200-day simple moving average of $1,390.47.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. On average, equities analysts forecast that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.94% of the company’s stock.

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.