Douglass Winthrop Advisors LLC Has $1.94 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Douglass Winthrop Advisors LLC lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 1.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,293 shares of the medical instruments supplier’s stock after selling 20 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Mettler-Toledo International were worth $1,939,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MTD shares. Evercore ISI boosted 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 research note on Tuesday, October 1st. Wells Fargo & Company cut their price objective 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. raised their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Robert W. Baird lowered 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 note on Monday, November 11th. Finally, Stifel Nicolaus reduced their price objective on shares of 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and a consensus target price of $1,338.75.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 240 shares of the company’s stock, valued at $314,820. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,217.97 on Monday. The company has a market cap of $25.70 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 4.02 and a beta of 1.16. The firm has a 50-day moving average of $1,361.85 and a 200-day moving average of $1,399.98. Mettler-Toledo International Inc. has a one year low of $1,059.08 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 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 analysts’ expectations of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. Analysts expect that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current year.

Mettler-Toledo International Company Profile

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.