1,459 Mettler-Toledo International, Inc. $MTD Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada cut its Mettler-Toledo stake by 40.8%, selling 1,459 shares and retaining 2,113 shares worth approximately $3.13 million. Institutional investors still own 95.07% of the company.
• Analyst sentiment remains mixed, with six Buy, eight Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $1,469.15, below the stock’s recent $1,637.79 price.
• Mettler-Toledo exceeded quarterly earnings expectations, reporting $11.46 in EPS versus the $10.78 consensus, while revenue rose 4.5% year over year to $1.03 billion. Insiders have sold 4,254 shares worth about $6.09 million over the past 90 days.

TD Waterhouse Canada Inc. reduced its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 40.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,113 shares of the medical instruments supplier's stock after selling 1,459 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Mettler-Toledo International were worth $3,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its stake in shares of Mettler-Toledo International by 3.4% during the third quarter. V Square Quantitative Management LLC now owns 645 shares of the medical instruments supplier's stock valued at $975,000 after acquiring an additional 21 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Mettler-Toledo International by 48.5% during the third quarter. Assenagon Asset Management S.A. now owns 49,900 shares of the medical instruments supplier's stock worth $75,396,000 after purchasing an additional 16,292 shares during the period. Baldwin Wealth Partners LLC MA bought a new stake in shares of Mettler-Toledo International in the third quarter worth about $230,000. Wedmont Private Capital bought a new stake in shares of Mettler-Toledo International in the third quarter worth about $457,000. Finally, GAMMA Investing LLC grew its stake in shares of Mettler-Toledo International by 6.9% in the third quarter. GAMMA Investing LLC now owns 647 shares of the medical instruments supplier's stock worth $978,000 after purchasing an additional 42 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTD has been the subject of a number of recent analyst reports. Rothschild & Co Redburn initiated coverage on Mettler-Toledo International in a research report on Wednesday, September 2nd. They set a "sell" rating and a $1,200.00 price target for the company. UBS Group initiated coverage on Mettler-Toledo International in a report on Wednesday, September 9th. They issued a "neutral" rating and a $1,460.00 price objective for the company. Morgan Stanley lifted their price objective on Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 13th. Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Finally, Barclays boosted their target price on Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the company an "overweight" rating in a research note on Wednesday, October 7th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus price target of $1,469.15.

Mettler-Toledo International Stock Up 0.7%

Shares of NYSE MTD opened at $1,637.79 on Wednesday. The firm has a fifty day simple moving average of $1,450.39 and a two-hundred day simple moving average of $1,319.57. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,659.70. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The firm has a market capitalization of $32.82 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts' consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $10.09 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that Mettler-Toledo International, Inc. will post 47.37 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the transaction, the director owned 292 shares in the company, valued at approximately $420,599.72. This represents a 58.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 240 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the transaction, the insider owned 259 shares in the company, valued at $369,629.26. This trade represents a 48.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,254 shares of company stock valued at $6,092,712. 0.71% of the stock is currently owned by corporate insiders.

About Mettler-Toledo International

Mettler-Toledo International Inc NYSE: MTD develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company's laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.

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