348 Mettler-Toledo International, Inc. $MTD Shares Sold by Barr E S & Co.

Barr E S & Co. cut its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 1.6% during the third quarter, HoldingsChannel reports. The firm owned 21,123 shares of the medical instruments supplier’s stock after selling 348 shares during the period. Mettler-Toledo International comprises 1.9% of Barr E S & Co.’s investment portfolio, making the stock its 18th biggest position. Barr E S & Co.’s holdings in Mettler-Toledo International were worth $31,916,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. National Pension Service grew its stake in shares of Mettler-Toledo International by 7.9% in the second quarter. National Pension Service now owns 39,696 shares of the medical instruments supplier’s stock worth $50,712,000 after acquiring an additional 2,916 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Mettler-Toledo International during the 1st quarter valued at $26,372,000. Bank of America Corp DE acquired a new position in Mettler-Toledo International during the 2nd quarter valued at $240,817,000. Corient Private Wealth LP boosted its holdings in Mettler-Toledo International by 421.7% in the 2nd quarter. Corient Private Wealth LP now owns 26,147 shares of the medical instruments supplier’s stock valued at $33,402,000 after purchasing an additional 21,135 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in Mettler-Toledo International in the 2nd quarter valued at $1,283,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 0.9%

Shares of MTD stock opened at $1,732.77 on Friday. The stock has a market cap of $34.46 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 3.49 and a beta of 1.16. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,806.58. The stock has a fifty day moving average price of $1,553.65 and a 200 day moving average price of $1,352.36. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.10 and a quick ratio of 0.75.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 5th. The medical instruments supplier reported $12.57 EPS for the quarter, topping analysts’ consensus estimates of $12.13 by $0.44. Mettler-Toledo International had a net margin of 22.25% and a return on equity of 15,012.71%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $11.15 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts predict that Mettler-Toledo International, Inc. will post 47.83 earnings per share for the current year.

Analysts Set New Price Targets

MTD has been the topic of several research analyst reports. Rothschild & Co Redburn assumed coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,725.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company increased their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. UBS Group initiated coverage on Mettler-Toledo International in a research report on Wednesday, September 9th. They set a “neutral” rating and a $1,460.00 target price on the stock. Finally, Weiss Ratings upgraded Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,595.77.

Insider Activity

In other Mettler-Toledo International news, insider Gerry Keller sold 435 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $1,734.05, for a total transaction of $754,311.75. Following the sale, the insider directly owned 259 shares of the company’s stock, valued at approximately $449,118.95. The trade was a 62.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick Kaltenbach sold 942 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 4,480 shares in the company, valued at approximately $6,384,000. This represents a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Profile

Mettler-Toledo International develops and manufactures precision instruments and systems used in laboratory, industrial, and retail settings. Its products include laboratory balances and analytical instruments, industrial scales and weighing systems, and equipment for measuring and monitoring production processes. The company also supplies product-inspection systems, including checkweighers, metal detectors, and X-ray inspection equipment, along with related software, installation, maintenance, and calibration services.