Franklin Resources Inc. Cuts Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Franklin Resources Inc. trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 4.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 282,383 shares of the medical instruments supplier’s stock after selling 13,867 shares during the period. Franklin Resources Inc.’s holdings in Mettler-Toledo International were worth $411,491,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Family Firm Inc. acquired a new position in Mettler-Toledo International during the second quarter worth $25,000. Blue Trust Inc. raised its position in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Mettler-Toledo International during the 3rd quarter worth about $37,000. Rothschild Investment LLC purchased a new position in Mettler-Toledo International in the 2nd quarter valued at about $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Mettler-Toledo International in the 2nd quarter worth about $42,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTD has been the subject of a number of research analyst reports. Evercore ISI increased their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Robert W. Baird decreased their price objective 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 dropped their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,351.25.

Get Our Latest Report on MTD

Mettler-Toledo International Trading Up 0.0 %

Shares of MTD stock opened at $1,276.98 on Friday. Mettler-Toledo International Inc. has a twelve month low of $1,115.64 and a twelve month high of $1,546.93. The company’s 50-day moving average price is $1,305.85 and its 200-day moving average price is $1,377.40. The stock has a market cap of $26.94 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 4.19 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTDGet Free Report) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The company had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. As a group, equities research analysts predict that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

Insider Buying and Selling

In other news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elisha W. Finney sold 76 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

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.

See Also

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)

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