Logan Capital Management Inc. Has $26.18 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Logan Capital Management Inc. trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,459 shares of the medical instruments supplier’s stock after selling 148 shares during the period. Mettler-Toledo International makes up about 1.1% of Logan Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Logan Capital Management Inc. owned approximately 0.08% of Mettler-Toledo International worth $26,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Retirement Systems of Alabama boosted its position in Mettler-Toledo International by 610.4% in the 3rd quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock valued at $50,183,000 after buying an additional 28,752 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Mettler-Toledo International during the third quarter valued at $1,164,000. Tidal Investments LLC boosted its holdings in Mettler-Toledo International by 1,073.6% in the third quarter. Tidal Investments LLC now owns 16,407 shares of the medical instruments supplier’s stock valued at $24,606,000 after acquiring an additional 15,009 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Mettler-Toledo International in the third quarter worth about $111,000. Finally, Sanctuary Advisors LLC lifted its position in Mettler-Toledo International by 44.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 517 shares of the medical instruments supplier’s stock valued at $775,000 after purchasing an additional 159 shares during the period. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded down $7.72 during mid-day trading on Friday, reaching $1,269.20. 17,320 shares of the company were exchanged, compared to its average volume of 135,084. The firm has a market cap of $26.78 billion, a PE ratio of 34.43, a PEG ratio of 4.19 and a beta of 1.13. The company has a fifty day simple moving average of $1,309.36 and a 200-day simple moving average of $1,378.81. Mettler-Toledo International Inc. has a 12 month low of $1,115.64 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share 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. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Analysts Set New Price Targets

MTD has been the subject of a number of analyst reports. Robert W. Baird lowered 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 report on Monday, November 11th. Stifel Nicolaus decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Evercore ISI increased their target price 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. Wells Fargo & Company decreased their target price on 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. Finally, Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,351.25.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International 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 completion of the sale, the director now directly owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 140 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

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.