Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,907 shares of the medical instruments supplier’s stock after selling 4,544 shares during the quarter. BNP Paribas Financial Markets’ holdings in Mettler-Toledo International were worth $55,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. PineStone Asset Management Inc. boosted its holdings in Mettler-Toledo International by 127.4% in the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after purchasing an additional 145,453 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Mettler-Toledo International by 149,870.0% in the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after buying an additional 89,922 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Mettler-Toledo International by 32.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock valued at $199,777,000 after buying an additional 35,048 shares during the last quarter. Swedbank AB acquired a new stake in Mettler-Toledo International during the 1st quarter worth $26,867,000. Finally, Thrivent Financial for Lutherans lifted its position in Mettler-Toledo International by 1,940.6% in the third quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier’s stock valued at $27,604,000 after acquiring an additional 17,504 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Stock Up 0.9 %

Shares of MTD opened at $1,243.40 on Friday. Mettler-Toledo International Inc. has a 52-week low of $1,059.08 and a 52-week high of $1,546.93. The company has a market capitalization of $26.24 billion, a PE ratio of 33.52, a P/E/G ratio of 4.04 and a beta of 1.16. The company has a 50-day simple moving average of $1,348.27 and a 200-day simple moving average of $1,395.43.

Mettler-Toledo International (NYSE:MTD) last released 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. The business had revenue of $954.54 million for the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MTD shares. Robert W. Baird cut their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company cut their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. 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 report on Tuesday, October 1st. Stifel Nicolaus cut their target price 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. Finally, JPMorgan Chase & Co. increased 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,338.75.

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.