Mettler-Toledo International Inc. (NYSE:MTD) Position Lessened by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its stake in Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 794 shares of the medical instruments supplier’s stock after selling 109 shares during the period. Baird Financial Group Inc.’s holdings in Mettler-Toledo International were worth $912,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MTD. Bartlett & Co. LLC bought a new stake in Mettler-Toledo International during the 2nd quarter valued at $25,000. Allworth Financial LP bought a new stake in Mettler-Toledo International during the 2nd quarter valued at $29,000. Crewe Advisors LLC bought a new stake in Mettler-Toledo International during the 2nd quarter valued at $52,000. Clear Street Markets LLC raised its stake in Mettler-Toledo International by 370.0% during the 2nd quarter. Clear Street Markets LLC now owns 47 shares of the medical instruments supplier’s stock valued at $54,000 after acquiring an additional 37 shares in the last quarter. Finally, San Luis Wealth Advisors LLC bought a new stake in Mettler-Toledo International during the 1st quarter valued at $59,000. Institutional investors own 93.00% of the company’s stock.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 880 shares of Mettler-Toledo International stock in a transaction on Monday, November 7th. The stock was sold at an average price of $1,299.43, for a total value of $1,143,498.40. Following the transaction, the chief financial officer now directly owns 4,900 shares in the company, valued at approximately $6,367,207. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Wah-Hui Chu sold 584 shares of Mettler-Toledo International stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $1,398.94, for a total transaction of $816,980.96. Following the transaction, the director now owns 4,290 shares in the company, valued at $6,001,452.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 880 shares of Mettler-Toledo International stock in a transaction on Monday, November 7th. The shares were sold at an average price of $1,299.43, for a total value of $1,143,498.40. Following the transaction, the chief financial officer now owns 4,900 shares in the company, valued at approximately $6,367,207. The disclosure for this sale can be found here. Insiders have sold 18,646 shares of company stock worth $25,747,431 in the last three months. 2.80% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,401.31 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 250.82. The stock has a market capitalization of $31.24 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 2.92 and a beta of 1.17. The stock’s fifty day simple moving average is $1,227.09 and its 200 day simple moving average is $1,236.88. Mettler-Toledo International Inc. has a 52-week low of $1,065.55 and a 52-week high of $1,714.75.

Mettler-Toledo International (NYSE:MTDGet Rating) last issued its earnings results on Thursday, November 3rd. The medical instruments supplier reported $10.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.83 by $0.35. The business had revenue of $985.80 million for the quarter, compared to analysts’ expectations of $973.68 million. Mettler-Toledo International had a return on equity of 1,929.28% and a net margin of 21.48%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $8.72 EPS. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 39.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MTD. StockNews.com began coverage on Mettler-Toledo International in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Stifel Nicolaus raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a research note on Tuesday, September 6th. The Goldman Sachs Group raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1,120.00 to $1,355.00 in a research note on Tuesday, November 8th. TheStreet downgraded Mettler-Toledo International from a “b” rating to a “c+” rating in a research note on Thursday, July 28th. Finally, Robert W. Baird dropped their price objective on Mettler-Toledo International from $1,406.00 to $1,284.00 in a research note on Friday, November 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,357.20.

Mettler-Toledo International Profile

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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