Advisors Asset Management Inc. Boosts Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Advisors Asset Management Inc. boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,278 shares of the medical instruments supplier’s stock after purchasing an additional 39 shares during the period. Advisors Asset Management Inc.’s holdings in Mettler-Toledo International were worth $1,917,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Commerce Bank raised its position in Mettler-Toledo International by 17.8% during the third quarter. Commerce Bank now owns 3,139 shares of the medical instruments supplier’s stock valued at $4,708,000 after acquiring an additional 475 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Mettler-Toledo International by 10.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,883 shares of the medical instruments supplier’s stock valued at $11,822,000 after purchasing an additional 741 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Mettler-Toledo International in the 3rd quarter valued at $2,845,000. Banque Cantonale Vaudoise boosted its holdings in Mettler-Toledo International by 1.7% during the third quarter. Banque Cantonale Vaudoise now owns 2,055 shares of the medical instruments supplier’s stock worth $3,082,000 after buying an additional 35 shares in the last quarter. Finally, Beddow Capital Management Inc. grew its position in Mettler-Toledo International by 23.9% during the third quarter. Beddow Capital Management Inc. now owns 818 shares of the medical instruments supplier’s stock valued at $1,227,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,217.97 on Monday. The business’s 50 day moving average price is $1,361.85 and its 200-day moving average price is $1,399.98. Mettler-Toledo International Inc. has a 1 year low of $1,059.08 and a 1 year high of $1,546.93. The firm has a market capitalization of $25.70 billion, a PE ratio of 32.84, a P/E/G ratio of 3.95 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (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 analyst estimates 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, analysts expect that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction on Monday, November 11th. The stock was 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 directly owns 240 shares in the company, valued at $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective 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 research report on Monday, November 11th. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective 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. Evercore ISI upped their target price on 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. Finally, Robert W. Baird decreased their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,338.75.

Mettler-Toledo International 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.