Los Angeles Capital Management LLC Sells 300 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Los Angeles Capital Management LLC lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 36.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 533 shares of the medical instruments supplier’s stock after selling 300 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Mettler-Toledo International were worth $799,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MTD. Family Firm Inc. purchased a new position in shares of Mettler-Toledo International in the second quarter valued at $25,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after buying an additional 17 shares during the period. Rothschild Investment LLC purchased a new position in shares of Mettler-Toledo International during the second quarter worth approximately $42,000. Itau Unibanco Holding S.A. bought a new stake in Mettler-Toledo International during the 2nd quarter valued at $42,000. Finally, Crewe Advisors LLC increased its position in Mettler-Toledo International by 244.4% during the 2nd quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock valued at $43,000 after purchasing an additional 22 shares during the period. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,179.58 on Friday. The firm has a 50-day moving average of $1,385.96 and a two-hundred day moving average of $1,400.67. Mettler-Toledo International Inc. has a 1-year low of $1,041.49 and a 1-year high of $1,546.93. The stock has a market cap of $24.89 billion, a P/E ratio of 31.80, a PEG ratio of 4.16 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.21. The company 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%. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 40.37 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares of the company’s stock, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.94% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on MTD shares. Robert W. Baird decreased their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. Stifel Nicolaus cut 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. JPMorgan Chase & Co. increased their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reduced 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,338.75.

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.