Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 14.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 138 shares of the medical instruments supplier’s stock after selling 23 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Mettler-Toledo International were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Daiwa Securities Group Inc. raised its holdings in Mettler-Toledo International by 36.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock valued at $3,570,000 after acquiring an additional 719 shares during the last quarter. Norden Group LLC boosted its stake in Mettler-Toledo International by 2,701.7% during the first quarter. Norden Group LLC now owns 6,640 shares of the medical instruments supplier’s stock worth $8,840,000 after buying an additional 6,403 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Mettler-Toledo International by 6.2% during the first quarter. BNP Paribas Financial Markets now owns 28,128 shares of the medical instruments supplier’s stock worth $37,447,000 after buying an additional 1,636 shares during the last quarter. Gateway Investment Advisers LLC purchased a new stake in Mettler-Toledo International in the 2nd quarter valued at $685,000. Finally, Diversified Trust Co increased its stake in shares of Mettler-Toledo International by 24.2% in the 1st quarter. Diversified Trust Co now owns 4,080 shares of the medical instruments supplier’s stock worth $5,432,000 after acquiring an additional 794 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. The Goldman Sachs Group increased their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Wells Fargo & Company assumed coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price on the stock. Evercore ISI increased their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,363.75.

Mettler-Toledo International Trading Up 0.6 %

MTD opened at $1,450.95 on Monday. The stock’s 50-day moving average price is $1,421.67 and its 200 day moving average price is $1,391.38. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93. The firm has a market cap of $30.99 billion, a price-to-earnings ratio of 40.69, a PEG ratio of 4.24 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.19 earnings per share. On average, research analysts forecast that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.