Mettler-Toledo International Inc. (NYSE:MTD) Stake Lessened by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,348 shares of the medical instruments supplier’s stock after selling 200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Mettler-Toledo International were worth $12,519,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MTD. Commonwealth Equity Services LLC boosted its holdings in shares of Mettler-Toledo International by 5.5% in the first quarter. Commonwealth Equity Services LLC now owns 753 shares of the medical instruments supplier’s stock valued at $1,002,000 after acquiring an additional 39 shares in the last quarter. Norden Group LLC boosted its holdings in Mettler-Toledo International by 74.3% during the first quarter. Norden Group LLC now owns 413 shares of the medical instruments supplier’s stock worth $550,000 after buying an additional 176 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Mettler-Toledo International by 69.9% during the first quarter. Janney Montgomery Scott LLC now owns 440 shares of the medical instruments supplier’s stock worth $586,000 after buying an additional 181 shares in the last quarter. Jennison Associates LLC bought a new stake in Mettler-Toledo International during the first quarter worth approximately $429,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Mettler-Toledo International by 32.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 900 shares of the medical instruments supplier’s stock worth $1,198,000 after buying an additional 219 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at $1,044,459.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,385.79 on Wednesday. The company has a market cap of $29.41 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. Mettler-Toledo International Inc. has a 52 week low of $953.28 and a 52 week high of $1,546.93. The firm has a 50 day simple moving average of $1,401.48 and a 200 day simple moving average of $1,399.41.

Analyst Upgrades and Downgrades

MTD has been the subject of a number of research reports. Evercore ISI raised their target price on shares of 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. JPMorgan Chase & Co. raised their target price on shares of 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. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Stifel Nicolaus raised their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group raised their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,363.75.

Mettler-Toledo International 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.