Banque Cantonale Vaudoise Has $760,000 Position in Mettler-Toledo International Inc. (NYSE:MTD)

Banque Cantonale Vaudoise trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 35.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 686 shares of the medical instruments supplier’s stock after selling 374 shares during the period. Banque Cantonale Vaudoise’s holdings in Mettler-Toledo International were worth $760,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in Mettler-Toledo International by 8.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 176 shares of the medical instruments supplier’s stock valued at $242,000 after buying an additional 13 shares during the last quarter. Raymond James Trust N.A. raised its position in Mettler-Toledo International by 19.7% in the 1st quarter. Raymond James Trust N.A. now owns 176 shares of the medical instruments supplier’s stock valued at $242,000 after buying an additional 29 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Mettler-Toledo International by 48.9% in the first quarter. Vontobel Holding Ltd. now owns 834 shares of the medical instruments supplier’s stock worth $1,172,000 after purchasing an additional 274 shares during the last quarter. Sei Investments Co. grew its stake in Mettler-Toledo International by 4.2% in the 1st quarter. Sei Investments Co. now owns 16,305 shares of the medical instruments supplier’s stock valued at $21,817,000 after purchasing an additional 662 shares during the period. Finally, Prudential PLC bought a new stake in shares of Mettler-Toledo International during the 1st quarter worth $626,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. The Goldman Sachs Group reduced their target price on shares of Mettler-Toledo International from $1,185.00 to $1,030.00 and set a “neutral” rating for the company in a research note on Monday, November 13th. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,425.00 to $1,270.00 and set a “buy” rating for the company in a research report on Monday, November 13th. JPMorgan Chase & Co. dropped their price objective on Mettler-Toledo International from $1,300.00 to $1,100.00 and set a “neutral” rating on the stock in a report on Tuesday, October 17th. Finally, Citigroup restated a “sell” rating and issued a $975.00 target price (down from $1,050.00) on shares of Mettler-Toledo International in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,223.71.

Read Our Latest Stock Report on MTD

Mettler-Toledo International Trading Up 2.1 %

NYSE:MTD opened at $1,212.10 on Wednesday. The stock has a 50-day moving average price of $1,176.93 and a 200 day moving average price of $1,144.83. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,615.97. The stock has a market capitalization of $26.28 billion, a P/E ratio of 30.90, a P/E/G ratio of 5.03 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTDGet Free Report) last issued its earnings results on Thursday, November 9th. The medical instruments supplier reported $9.80 earnings per share for the quarter, topping analysts’ consensus estimates of $9.63 by $0.17. Mettler-Toledo International had a net margin of 22.24% and a negative return on equity of 1,852.05%. The firm had revenue of $942.46 million during the quarter, compared to analyst estimates of $947.10 million. During the same quarter in the prior year, the business earned $10.18 earnings per share. Mettler-Toledo International’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, research analysts predict that Mettler-Toledo International Inc. will post 38.98 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Roland D. Diggelmann bought 315 shares of Mettler-Toledo International stock in a transaction dated Monday, November 13th. The shares were purchased at an average cost of $1,026.54 per share, for a total transaction of $323,360.10. Following the acquisition, the director now directly owns 405 shares in the company, valued at approximately $415,748.70. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is owned by corporate insiders.

Mettler-Toledo International Profile

(Free Report)

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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.

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

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