Fiera Capital Corp Decreases Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Fiera Capital Corp lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364,976 shares of the medical instruments supplier’s stock after selling 8,009 shares during the period. Mettler-Toledo International comprises approximately 1.6% of Fiera Capital Corp’s investment portfolio, making the stock its 18th biggest holding. Fiera Capital Corp owned approximately 1.72% of Mettler-Toledo International worth $547,355,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at about $25,000. Blue Trust Inc. boosted its holdings in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after acquiring an additional 17 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $42,000. Itau Unibanco Holding S.A. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at about $42,000. Finally, Crewe Advisors LLC lifted its holdings in Mettler-Toledo International by 244.4% in the second quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock valued at $43,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Activity

In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MTD. Evercore ISI increased their price objective on 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. JPMorgan Chase & Co. lifted their price target on shares of 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. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price target on the stock. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Finally, Stifel Nicolaus increased their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,363.75.

Mettler-Toledo International Stock Performance

MTD traded down $97.08 on Friday, reaching $1,314.44. 92,853 shares of the company’s stock were exchanged, compared to its average volume of 132,599. Mettler-Toledo International Inc. has a twelve month low of $953.28 and a twelve month high of $1,546.93. The company’s 50 day moving average is $1,400.98 and its 200-day moving average is $1,399.40. The company has a market cap of $27.89 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 3.99 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last released its 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 during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 40.34 EPS 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.