Fmr LLC Sells 49,915 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Fmr LLC lowered its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 42.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 68,255 shares of the medical instruments supplier’s stock after selling 49,915 shares during the quarter. Fmr LLC’s holdings in Mettler-Toledo International were worth $102,361,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Family Firm Inc. purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $25,000. Blue Trust Inc. raised its stake in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International during the 3rd quarter worth about $37,000. Rothschild Investment LLC purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at about $42,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Mettler-Toledo International in the second quarter valued at about $42,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Evercore ISI lifted 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 report on Tuesday, October 1st. Stifel Nicolaus dropped their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company cut their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, Robert W. Baird decreased 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,338.75.

Insider Activity

In related news, Director Elisha W. Finney sold 76 shares of the 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. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gerry Keller sold 140 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. This represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Up 0.3 %

NYSE:MTD opened at $1,262.16 on Thursday. The stock has a market capitalization of $26.63 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13. Mettler-Toledo International Inc. has a 52 week low of $1,068.33 and a 52 week high of $1,546.93. The stock’s 50-day moving average price is $1,335.41 and its 200-day moving average price is $1,387.72.

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