Canada Pension Plan Investment Board Decreases Position in Mettler-Toledo International Inc. (NYSE:MTD)

Canada Pension Plan Investment Board lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 14.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,727 shares of the medical instruments supplier’s stock after selling 2,206 shares during the period. Canada Pension Plan Investment Board’s holdings in Mettler-Toledo International were worth $14,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTD. Ancora Advisors LLC grew its holdings in Mettler-Toledo International by 100.0% in the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 10 shares during the last quarter. VitalStone Financial LLC acquired a new stake in Mettler-Toledo International in the first quarter valued at $37,000. Gladius Capital Management LP acquired a new stake in Mettler-Toledo International in the third quarter valued at $27,000. EverSource Wealth Advisors LLC grew its holdings in Mettler-Toledo International by 37.5% in the second quarter. EverSource Wealth Advisors LLC now owns 33 shares of the medical instruments supplier’s stock valued at $43,000 after purchasing an additional 9 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Mettler-Toledo International by 34.6% in the second quarter. Huntington National Bank now owns 35 shares of the medical instruments supplier’s stock valued at $46,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MTD. Stifel Nicolaus lowered their target price on Mettler-Toledo International from $1,425.00 to $1,270.00 and set a “buy” rating on the stock in a report on Monday, November 13th. JPMorgan Chase & Co. decreased their price objective on Mettler-Toledo International from $1,300.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. Citigroup reaffirmed a “sell” rating and set a $975.00 price objective (down previously from $1,050.00) on shares of Mettler-Toledo International in a research note on Monday, December 11th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company decreased their price objective on Mettler-Toledo International from $1,520.00 to $1,300.00 and set an “overweight” rating on the stock in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,223.71.

Check Out Our Latest Analysis on Mettler-Toledo International

Mettler-Toledo International Trading Down 4.1 %

NYSE MTD opened at $1,174.51 on Monday. The business’s 50-day moving average price is $1,183.41 and its 200 day moving average price is $1,142.03. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,615.97. The company has a market capitalization of $25.46 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 4.95 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTDGet Free Report) last released its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing the consensus estimate of $10.32 by ($0.92). Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business had revenue of $934.90 million for the quarter, compared to analysts’ expectations of $959.45 million. During the same quarter last year, the company posted $12.10 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. Equities analysts predict that Mettler-Toledo International Inc. will post 39.78 EPS for the current year.

About Mettler-Toledo International

(Free Report)

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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.

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

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