Canoe Financial LP Sells 4,750 Shares of Mettler-Toledo International, Inc. $MTD

Canoe Financial LP lowered its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,544 shares of the medical instruments supplier's stock after selling 4,750 shares during the quarter. Canoe Financial LP owned 0.23% of Mettler-Toledo International worth $67,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTD. Quadrant Capital Group LLC increased its position in shares of Mettler-Toledo International by 5.4% during the third quarter. Quadrant Capital Group LLC now owns 488 shares of the medical instruments supplier's stock valued at $780,000 after acquiring an additional 25 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Mettler-Toledo International by 12.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,717 shares of the medical instruments supplier's stock worth $13,171,000 after acquiring an additional 932 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Mettler-Toledo International by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,794 shares of the medical instruments supplier's stock worth $4,222,000 after acquiring an additional 7 shares during the period. Abel Hall LLC purchased a new position in Mettler-Toledo International in the third quarter worth $225,000. Finally, IFP Advisors Inc boosted its position in Mettler-Toledo International by 17.2% in the third quarter. IFP Advisors Inc now owns 259 shares of the medical instruments supplier's stock worth $391,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the completion of the transaction, the chief financial officer directly owned 5,579 shares in the company, valued at approximately $7,989,128. The trade was a 28.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick Kaltenbach sold 942 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the completion of the transaction, the chief executive officer directly owned 4,480 shares of the company's stock, valued at $6,384,000. The trade was a 17.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,254 shares of company stock valued at $6,092,712 over the last 90 days. 0.71% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Up 2.8%

Shares of NYSE MTD opened at $1,679.32 on Thursday. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The stock has a market capitalization of $33.65 billion, a PE ratio of 37.80, a P/E/G ratio of 3.29 and a beta of 1.19. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,681.26. The business's fifty day moving average price is $1,455.21 and its 200-day moving average price is $1,322.51.

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

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of recent analyst reports. Rothschild & Co Redburn started coverage on Mettler-Toledo International in a research note on Wednesday, September 2nd. They issued a "sell" rating and a $1,200.00 price objective for the company. Weiss Ratings upgraded shares of Mettler-Toledo International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Jefferies Financial Group lifted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Royal Bank Of Canada started coverage on shares of Mettler-Toledo International in a research note on Tuesday, September 1st. They issued a "sector perform" rating and a $1,515.00 target price on the stock. Finally, UBS Group began coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 9th. They set a "neutral" rating and a $1,460.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1,469.15.

Mettler-Toledo International Profile

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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