Mutual of America Capital Management LLC Lowers Position in Mettler-Toledo International Inc. (NYSE:MTD)

Mutual of America Capital Management LLC lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 3.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,619 shares of the medical instruments supplier’s stock after selling 82 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mettler-Toledo International were worth $3,928,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MTD. PineStone Asset Management Inc. lifted its holdings in shares of 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 worth $362,855,000 after buying an additional 145,453 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Mettler-Toledo International by 149,870.0% in the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock worth $134,946,000 after buying an additional 89,922 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mettler-Toledo International by 88.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock worth $163,290,000 after buying an additional 57,509 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mettler-Toledo International by 32.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock worth $199,777,000 after buying an additional 35,048 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Mettler-Toledo International by 40.9% in the first quarter. Epoch Investment Partners Inc. now owns 81,234 shares of the medical instruments supplier’s stock worth $108,146,000 after buying an additional 23,593 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 2.4 %

MTD stock opened at $1,195.00 on Friday. Mettler-Toledo International Inc. has a twelve month low of $1,059.08 and a twelve month high of $1,546.93. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 3.83 and a beta of 1.16. The firm’s fifty day simple moving average is $1,365.15 and its two-hundred day simple moving average is $1,398.13.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating 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 net margin of 21.15% and a negative return on equity of 531.78%. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MTD shares. Robert W. Baird reduced their price target on shares of 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 reduced their price target 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 report on Monday, November 11th. JPMorgan Chase & Co. boosted 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 report on Monday, August 5th. Stifel Nicolaus reduced their price target 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 report on Monday, November 11th. Finally, Evercore ISI boosted their price target on shares of 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. Two research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,338.75.

Insider Transactions at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 240 shares in the company, valued at approximately $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 accessible through the SEC website. 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.