Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its stake in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 94.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 408 shares of the medical instruments supplier’s stock after selling 7,148 shares during the quarter. Jump Financial LLC’s holdings in Mettler-Toledo International were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Savant Capital LLC raised its holdings in Mettler-Toledo International by 34.3% in the 3rd quarter. Savant Capital LLC now owns 376 shares of the medical instruments supplier’s stock valued at $417,000 after acquiring an additional 96 shares during the last quarter. abrdn plc grew its stake in shares of Mettler-Toledo International by 6.8% during the 3rd quarter. abrdn plc now owns 27,659 shares of the medical instruments supplier’s stock valued at $30,648,000 after buying an additional 1,761 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Mettler-Toledo International by 8.5% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,458 shares of the medical instruments supplier’s stock valued at $22,669,000 after buying an additional 1,598 shares during the period. Wealthspire Advisors LLC grew its stake in shares of Mettler-Toledo International by 1.7% during the 3rd quarter. Wealthspire Advisors LLC now owns 647 shares of the medical instruments supplier’s stock valued at $717,000 after buying an additional 11 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in Mettler-Toledo International by 7.4% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 9,372 shares of the medical instruments supplier’s stock worth $10,385,000 after purchasing an additional 646 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Mettler-Toledo International from $1,300.00 to $1,100.00 and set a “neutral” rating for the company in a research report on Tuesday, October 17th. Stifel Nicolaus decreased their price target on shares of 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. Wells Fargo & Company decreased their price target on shares of Mettler-Toledo International from $1,520.00 to $1,300.00 and set an “overweight” rating for the company in a research report on Monday, November 13th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group cut their price objective on shares of Mettler-Toledo International from $1,185.00 to $1,030.00 and set a “neutral” rating on the stock in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,223.71.

View Our Latest Stock Report on MTD

Insider Buying and Selling

In other Mettler-Toledo International news, Director Roland D. Diggelmann purchased 315 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $1,026.54 per share, with a total value of $323,360.10. Following the completion of the acquisition, the director now owns 405 shares in the company, valued at approximately $415,748.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,174.51 on Friday. The firm has a market cap of $25.47 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 5.19 and a beta of 1.15. The firm’s 50-day simple moving average is $1,183.41 and its 200-day simple moving average is $1,143.38. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,615.97.

Mettler-Toledo International (NYSE:MTDGet Free Report) last issued its earnings results on Thursday, February 8th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 1,140.73%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $12.10 EPS. On average, equities analysts predict that Mettler-Toledo International Inc. will post 39.59 earnings per share for the current year.

About Mettler-Toledo International

(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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