Paloma Partners Management Co Sells 1,480 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Paloma Partners Management Co reduced its position in Mettler-Toledo International Inc. (NYSE:MTD) by 88.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the medical instruments supplier’s stock after selling 1,480 shares during the period. Paloma Partners Management Co’s holdings in Mettler-Toledo International were worth $300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC boosted its position in shares of Mettler-Toledo International by 8.0% during the 1st quarter. Cetera Advisors LLC now owns 459 shares of the medical instruments supplier’s stock valued at $611,000 after acquiring an additional 34 shares during the last quarter. Mather Group LLC. grew its stake in shares of Mettler-Toledo International by 69.2% in the 2nd quarter. Mather Group LLC. now owns 44 shares of the medical instruments supplier’s stock worth $59,000 after buying an additional 18 shares in the last quarter. CWM LLC grew its stake in shares of Mettler-Toledo International by 7.4% in the 2nd quarter. CWM LLC now owns 625 shares of the medical instruments supplier’s stock worth $873,000 after buying an additional 43 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of Mettler-Toledo International by 10.8% in the 2nd quarter. Simplicity Wealth LLC now owns 911 shares of the medical instruments supplier’s stock worth $1,273,000 after buying an additional 89 shares during the last quarter. Finally, Sax Wealth Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at about $419,000. 95.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MTD. Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock 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 on the stock in a research report on Monday, November 11th. Robert W. Baird lowered their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Finally, 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 report on Tuesday, October 1st. Two equities research 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 MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $1,338.75.

Insider Activity

In other news, insider Gerry Keller sold 140 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Down 1.2 %

MTD stock opened at $1,247.90 on Friday. Mettler-Toledo International Inc. has a twelve month low of $1,086.88 and a twelve month high of $1,546.93. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 4.15 and a beta of 1.13. The business’s fifty day simple moving average is $1,330.54 and its two-hundred day simple moving average is $1,386.75.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Research analysts expect that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

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.