National Bank of Canada FI Lowers Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

National Bank of Canada FI lessened its stake in Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 59.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,238 shares of the medical instruments supplier’s stock after selling 9,234 shares during the period. National Bank of Canada FI’s holdings in Mettler-Toledo International were worth $7,574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of Mettler-Toledo International by 109,458.1% during the fourth quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after purchasing an additional 67,864 shares during the period. Comgest Global Investors S.A.S. lifted its stake in shares of Mettler-Toledo International by 2,689.3% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 52,579 shares of the medical instruments supplier’s stock worth $58,261,000 after acquiring an additional 50,694 shares during the period. iA Global Asset Management Inc. boosted its holdings in shares of Mettler-Toledo International by 6,844.3% in the third quarter. iA Global Asset Management Inc. now owns 48,957 shares of the medical instruments supplier’s stock valued at $54,248,000 after acquiring an additional 48,252 shares in the last quarter. Martin Currie Ltd. increased its stake in shares of Mettler-Toledo International by 108.5% during the third quarter. Martin Currie Ltd. now owns 90,903 shares of the medical instruments supplier’s stock worth $100,727,000 after acquiring an additional 47,306 shares during the period. Finally, Impax Asset Management Group plc raised its holdings in Mettler-Toledo International by 30.3% during the third quarter. Impax Asset Management Group plc now owns 180,977 shares of the medical instruments supplier’s stock worth $200,535,000 after purchasing an additional 42,120 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the sale, the director now owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the sale, the director now owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christian Magloth sold 400 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MTD has been the topic of several recent analyst reports. Evercore ISI boosted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,191.57.

View Our Latest Report on MTD

Mettler-Toledo International Price Performance

MTD opened at $1,290.42 on Friday. The stock has a market cap of $27.60 billion, a P/E ratio of 35.95, a P/E/G ratio of 3.42 and a beta of 1.16. The stock’s 50 day simple moving average is $1,282.67 and its 200 day simple moving average is $1,188.88. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,411.61.

Mettler-Toledo International (NYSE:MTDGet Free Report) last announced its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, beating analysts’ consensus estimates of $7.63 by $1.26. The firm had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. Mettler-Toledo International’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.69 EPS. Research analysts expect that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

Mettler-Toledo International Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTDFree Report).

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.