Atria Investments Inc trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,420 shares of the medical instruments supplier’s stock after selling 11 shares during the quarter. Atria Investments Inc’s holdings in Mettler-Toledo International were worth $3,629,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of MTD. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 7 shares during the last quarter. UMB Bank n.a. raised its holdings in Mettler-Toledo International by 6.6% in the second quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock valued at $158,000 after acquiring an additional 7 shares in the last quarter. Bellevue Group AG boosted its stake in Mettler-Toledo International by 32.0% during the 1st quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock valued at $44,000 after acquiring an additional 8 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Mettler-Toledo International by 7.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock worth $166,000 after acquiring an additional 8 shares in the last quarter. Finally, DT Investment Partners LLC increased its position in shares of Mettler-Toledo International by 13.3% in the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock worth $102,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
Insider Buying and Selling at Mettler-Toledo International
In other news, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.94% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on MTD shares. Wells Fargo & Company decreased 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 research note on Monday. 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. Evercore ISI upped their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price objective 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. Finally, Robert W. Baird dropped 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 report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,338.75.
Check Out Our Latest Stock Report on MTD
Mettler-Toledo International Stock Performance
Mettler-Toledo International stock opened at $1,258.66 on Thursday. The firm has a market capitalization of $26.56 billion, a P/E ratio of 33.94, a P/E/G ratio of 4.16 and a beta of 1.16. The company has a 50-day simple moving average of $1,391.49 and a 200-day simple moving average of $1,402.80. Mettler-Toledo International Inc. has a one year low of $1,029.01 and a one year high of $1,546.93.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 40.37 earnings per share for the current year.
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.
Recommended Stories
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD – Free Report).
Receive News & Ratings for Mettler-Toledo International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mettler-Toledo International and related companies with MarketBeat.com’s FREE daily email newsletter.