Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 3.8% during the third quarter, Holdings Channel reports. The institutional investor owned 3,265 shares of the medical instruments supplier’s stock after selling 128 shares during the period. Pathstone Holdings LLC’s holdings in Mettler-Toledo International were worth $4,896,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter worth about $25,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International during the third quarter worth approximately $37,000. Rothschild Investment LLC purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter worth approximately $42,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at $42,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Evercore ISI boosted their price target 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. Stifel Nicolaus reduced 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 report on Monday, November 11th. Robert W. Baird dropped their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company decreased their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,338.75.

Insider Buying and Selling

In related 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 sale, the director now directly owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Trading Up 1.8 %

NYSE:MTD opened at $1,217.97 on Friday. Mettler-Toledo International Inc. has a 12-month low of $1,059.08 and a 12-month high of $1,546.93. The stock’s 50 day simple moving average is $1,361.85 and its 200-day simple moving average is $1,397.91. The firm has a market cap of $25.70 billion, a P/E ratio of 32.84, a PEG 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 EPS for the quarter, topping 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 company had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Research analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal 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.