Mettler-Toledo International, Inc. $MTD Stock: TD Waterhouse Canada Inc. Decreases Stake

TD Waterhouse Canada Inc. lowered its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 40.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,113 shares of the medical instruments supplier’s stock after selling 1,459 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mettler-Toledo International were worth $3,130,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Reflection Asset Management bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the 1st quarter worth about $25,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth about $26,000. Transamerica Financial Advisors LLC bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth about $32,000. Finally, Root Financial Partners LLC lifted its position in Mettler-Toledo International by 45.5% during the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock valued at $40,000 after acquiring an additional 10 shares during the period. Institutional investors own 95.07% of the company’s stock.

Insider Activity

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares in the company, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas P. Salice sold 417 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the transaction, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is currently owned by company insiders.

Mettler-Toledo International Trading Up 0.7%

Mettler-Toledo International stock opened at $1,637.79 on Wednesday. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,659.70. The company has a market capitalization of $32.82 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19. The business’s fifty day simple moving average is $1,450.39 and its two-hundred day simple moving average is $1,319.57. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $10.09 earnings per share. As a group, equities analysts predict that Mettler-Toledo International, Inc. will post 47.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on MTD shares. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Barclays raised their target price on shares of Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Rothschild & Co Redburn began coverage on shares of Mettler-Toledo International in a report on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 target price for the company. Finally, UBS Group initiated coverage on Mettler-Toledo International in a research report on Wednesday, September 9th. They issued a “neutral” rating and a $1,460.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,469.15.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.