Montrusco Bolton Investments Inc. Decreases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Montrusco Bolton Investments Inc. cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 100,416 shares of the medical instruments supplier’s stock after selling 8,340 shares during the quarter. Mettler-Toledo International accounts for approximately 1.6% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 20th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Mettler-Toledo International were worth $150,594,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MTD. PineStone Asset Management Inc. increased its position in shares of Mettler-Toledo International by 127.4% during 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 purchasing an additional 145,453 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock worth $134,946,000 after acquiring an additional 89,922 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Mettler-Toledo International by 88.3% during 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 acquiring an additional 57,509 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Mettler-Toledo International by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock worth $199,777,000 after acquiring an additional 35,048 shares during the period. Finally, Swedbank AB bought a new position in shares of Mettler-Toledo International during the 1st quarter worth $26,867,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Up 1.8 %

Shares of NYSE MTD opened at $1,217.97 on Friday. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 3.95 and a beta of 1.16. Mettler-Toledo International Inc. has a 1-year low of $1,059.08 and a 1-year high of $1,546.93. The stock’s 50-day moving average is $1,361.85 and its 200 day moving average is $1,397.91.

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%. On average, analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTD. JPMorgan Chase & Co. increased their price target 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 raised their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. Robert W. Baird cut their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company cut their target price 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, November 11th. Finally, Stifel Nicolaus cut their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,338.75.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. The trade was a 24.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.94% of the company’s stock.

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.