Mettler-Toledo International, Inc. $MTD Stock Holdings Reduced by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,162 shares of the medical instruments supplier’s stock after selling 350 shares during the quarter. ProShare Advisors LLC’s holdings in Mettler-Toledo International were worth $6,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. XXEC Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter worth about $77,044,000. BlackRock Inc. acquired a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $2,404,713,000. Bank of New York Mellon Corp acquired a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $762,553,000. Wellington Management Group LLP increased its stake in Mettler-Toledo International by 908.6% during the 2nd quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier’s stock worth $586,459,000 after buying an additional 413,547 shares during the period. Finally, Amundi increased its stake in Mettler-Toledo International by 40.7% during the 2nd quarter. Amundi now owns 240,640 shares of the medical instruments supplier’s stock worth $307,420,000 after buying an additional 69,620 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 1.5%

Shares of Mettler-Toledo International stock opened at $1,723.17 on Thursday. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,737.99. The company has a 50 day moving average of $1,512.80 and a 200 day moving average of $1,343.25. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The company has a market capitalization of $34.53 billion, a P/E ratio of 38.78, a P/E/G ratio of 3.42 and a beta of 1.16.

Analysts Set New Price Targets

Several equities analysts have commented on MTD shares. Barclays raised their price target on shares of Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Morgan Stanley upped their price objective on Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. Rothschild & Co Redburn assumed coverage on Mettler-Toledo International in a research note on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 price objective on the stock. Royal Bank Of Canada assumed coverage on Mettler-Toledo International in a report on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 target price for the company. Finally, Jefferies Financial Group boosted their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,469.15.

Insider Activity at Mettler-Toledo International

In other news, CEO Patrick Kaltenbach sold 942 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the sale, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. This trade represents a 17.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.71% of the company’s stock.

About Mettler-Toledo International

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.