Citigroup Inc. Sells 5,112 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Citigroup Inc. reduced its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 21.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,486 shares of the medical instruments supplier’s stock after selling 5,112 shares during the quarter. Citigroup Inc. owned about 0.09% of Mettler-Toledo International worth $27,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citizens Financial Group Inc. RI raised its position in shares of Mettler-Toledo International by 15.3% during the third quarter. Citizens Financial Group Inc. RI now owns 271 shares of the medical instruments supplier’s stock worth $406,000 after purchasing an additional 36 shares during the period. Grandfield & Dodd LLC increased its stake in Mettler-Toledo International by 17.8% during the 3rd quarter. Grandfield & Dodd LLC now owns 11,629 shares of the medical instruments supplier’s stock valued at $17,440,000 after purchasing an additional 1,756 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Mettler-Toledo International by 3.1% during the third quarter. Advisors Asset Management Inc. now owns 1,278 shares of the medical instruments supplier’s stock worth $1,917,000 after buying an additional 39 shares during the last quarter. Commerce Bank lifted its stake in shares of Mettler-Toledo International by 17.8% in the third quarter. Commerce Bank now owns 3,139 shares of the medical instruments supplier’s stock valued at $4,708,000 after buying an additional 475 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Mettler-Toledo International by 10.4% during the third quarter. PNC Financial Services Group Inc. now owns 7,883 shares of the medical instruments supplier’s stock valued at $11,822,000 after buying an additional 741 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction 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 sale, the director now directly owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

MTD has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Robert W. Baird dropped 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 report on Monday, November 11th. Wells Fargo & Company cut their target price 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 target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus cut their price objective 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,338.75.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,224.99 on Tuesday. The company has a market capitalization of $25.85 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 4.02 and a beta of 1.16. Mettler-Toledo International Inc. has a 1 year low of $1,059.08 and a 1 year high of $1,546.93. The business has a fifty day moving average price of $1,358.47 and a two-hundred day moving average price of $1,399.52.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Sell-side analysts anticipate 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.