Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,819 shares of the medical instruments supplier’s stock after selling 894 shares during the period. Victory Capital Management Inc. owned about 0.05% of Mettler-Toledo International worth $16,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in Mettler-Toledo International during the 3rd quarter worth $357,000. Verus Capital Partners LLC increased its stake in Mettler-Toledo International by 11.2% during the 3rd quarter. Verus Capital Partners LLC now owns 218 shares of the medical instruments supplier’s stock worth $327,000 after buying an additional 22 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Mettler-Toledo International by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,216 shares of the medical instruments supplier’s stock worth $72,310,000 after buying an additional 698 shares during the period. Versor Investments LP purchased a new stake in Mettler-Toledo International during the 3rd quarter worth $1,755,000. Finally, Venturi Wealth Management LLC increased its stake in Mettler-Toledo International by 47.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 384 shares of the medical instruments supplier’s stock worth $576,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 1.2 %

Shares of NYSE:MTD opened at $1,160.67 on Wednesday. Mettler-Toledo International Inc. has a fifty-two week low of $1,041.49 and a fifty-two week high of $1,546.93. The firm has a 50-day simple moving average of $1,373.15 and a 200 day simple moving average of $1,401.19. The company has a market cap of $24.49 billion, a PE ratio of 31.29, a P/E/G ratio of 3.89 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. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. As a group, research analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MTD shares. Evercore ISI lifted their price target on shares of 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 dropped their target price on shares of 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. Stifel Nicolaus dropped their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company dropped their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average price target of $1,338.75.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business’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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.94% of the stock is currently owned by company insiders.

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.