Massachusetts Financial Services Co. MA Sells 2,850 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Massachusetts Financial Services Co. MA cut its position in Mettler-Toledo International Inc. (NYSE:MTD) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,094 shares of the medical instruments supplier’s stock after selling 2,850 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Mettler-Toledo International were worth $210,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. PineStone Asset Management Inc. raised its stake in Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after acquiring an additional 145,453 shares during the period. International Assets Investment Management LLC raised its position in shares of Mettler-Toledo International by 149,870.0% in the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after purchasing an additional 89,922 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Mettler-Toledo International by 88.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock worth $163,290,000 after buying an additional 57,509 shares during the period. Swedbank AB purchased a new position in Mettler-Toledo International in the 1st quarter valued at approximately $26,867,000. Finally, Thrivent Financial for Lutherans lifted its position in shares of Mettler-Toledo International by 1,940.6% during the third quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier’s stock worth $27,604,000 after acquiring an additional 17,504 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. JPMorgan Chase & Co. raised 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 note on Monday, August 5th. Evercore ISI boosted 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 research note on Tuesday, October 1st. Robert W. Baird decreased 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, November 11th. Stifel Nicolaus cut their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, Wells Fargo & Company lowered their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,338.75.

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 completion of the sale, the director now directly owns 240 shares in the company, valued at $314,820. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Stock Up 1.8 %

MTD opened at $1,217.97 on Friday. The business’s fifty day simple moving average is $1,361.85 and its 200 day simple moving average is $1,397.91. Mettler-Toledo International Inc. has a 52 week low of $1,059.08 and a 52 week high of $1,546.93. The stock has a market cap of $25.70 billion, a PE ratio of 32.84, a P/E/G ratio of 3.83 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The company had revenue of $954.54 million for 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%. As a group, equities analysts anticipate that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current year.

Mettler-Toledo International Company 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.