Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,819 shares of the medical instruments supplier’s stock after selling 894 shares during the period. Victory Capital Management Inc.’s holdings in Mettler-Toledo International were worth $16,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at approximately $25,000. Blue Trust Inc. raised its holdings in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International during the third quarter valued at about $37,000. Rothschild Investment LLC bought a new position in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $42,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Mettler-Toledo International during the 2nd quarter valued at approximately $42,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,160.67 on Wednesday. The firm has a market capitalization of $24.49 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.89 and a beta of 1.16. The business’s fifty day moving average price is $1,373.15 and its two-hundred day moving average price is $1,401.19. Mettler-Toledo International Inc. has a 52 week low of $1,041.49 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, research analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MTD shares. JPMorgan Chase & Co. increased their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Robert W. Baird dropped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Evercore ISI raised their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Stifel Nicolaus reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Wells Fargo & Company decreased their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and an average price target of $1,338.75.

Insider Activity at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.94% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, 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, real-time analytics, 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.