Ontario Teachers Pension Plan Board Cuts Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Ontario Teachers Pension Plan Board cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 38.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,347 shares of the medical instruments supplier’s stock after selling 853 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Mettler-Toledo International were worth $2,020,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTD. Gateway Investment Advisers LLC bought a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $685,000. Swedbank AB purchased a new position in Mettler-Toledo International in the 1st quarter worth approximately $26,867,000. SG Americas Securities LLC lifted its holdings in shares of Mettler-Toledo International by 52.9% during the second quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier’s stock valued at $6,312,000 after purchasing an additional 1,562 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Mettler-Toledo International by 14.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock valued at $1,860,000 after acquiring an additional 152 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its position in Mettler-Toledo International by 212.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier’s stock valued at $1,828,000 after purchasing an additional 889 shares during the period. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MTD shares. Evercore ISI raised 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 research report on Tuesday, October 1st. Stifel Nicolaus decreased 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 research note on Monday, November 11th. Robert W. Baird dropped their price target 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. JPMorgan Chase & Co. lifted their target price on shares of 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 lowered their price objective 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. 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. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,338.75.

Insider Activity 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 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 completion of the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Trading Down 1.2 %

NYSE:MTD opened at $1,160.67 on Wednesday. The business’s 50-day moving average is $1,373.15 and its 200 day moving average is $1,401.19. Mettler-Toledo International Inc. has a 12 month low of $1,041.49 and a 12 month high of $1,546.93. The company has a market capitalization of $24.49 billion, a P/E ratio of 31.29, a P/E/G ratio of 3.89 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) 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 the consensus estimate 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 forecast that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current 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.