Stifel Financial Corp trimmed its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 22.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,673 shares of the medical instruments supplier’s stock after selling 2,161 shares during the quarter. Stifel Financial Corp’s holdings in Mettler-Toledo International were worth $4,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. First Personal Financial Services lifted its holdings in shares of Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after buying an additional 5 shares during the period. Commonwealth Bank of Australia lifted its holdings in shares of Mettler-Toledo International by 3.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 562 shares of the medical instruments supplier’s stock valued at $329,000 after buying an additional 17 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Mettler-Toledo International by 1.4% in the 2nd quarter. Alps Advisors Inc. now owns 1,225 shares of the medical instruments supplier’s stock valued at $721,000 after buying an additional 17 shares during the period. Profund Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 2.6% in the 2nd quarter. Profund Advisors LLC now owns 716 shares of the medical instruments supplier’s stock valued at $421,000 after buying an additional 18 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Mettler-Toledo International by 6.4% in the 2nd quarter. Pacer Advisors Inc. now owns 483 shares of the medical instruments supplier’s stock valued at $284,000 after buying an additional 29 shares during the period. 91.76% of the stock is owned by institutional investors.

Mettler-Toledo International, Inc. (NYSE MTD) opened at $639.94 on Friday. The stock has a market capitalization of $16,113.06, a price-to-earnings ratio of 37.27, a P/E/G ratio of 2.88 and a beta of 1.09. Mettler-Toledo International, Inc. has a 1-year low of $408.97 and a 1-year high of $694.48. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.04. The firm had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. Mettler-Toledo International’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.89 earnings per share. analysts predict that Mettler-Toledo International, Inc. will post 17.52 EPS for the current year.

Several analysts have recently commented on MTD shares. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Goldman Sachs Group reissued a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Morgan Stanley reissued an “equal weight” rating and issued a $535.00 price target (down from $565.00) on shares of Mettler-Toledo International in a report on Friday, October 6th. Bank of America raised their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Finally, Jefferies Group reissued a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $621.57.

In other Mettler-Toledo International news, CFO Shawn Vadala sold 226 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $629.36, for a total transaction of $142,235.36. Following the completion of the transaction, the chief financial officer now owns 5,299 shares of the company’s stock, valued at $3,334,978.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Kelly sold 3,384 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $638.24, for a total value of $2,159,804.16. Following the transaction, the director now directly owns 4,762 shares of the company’s stock, valued at approximately $3,039,298.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,969 shares of company stock valued at $25,242,999. 5.20% of the stock is currently owned by insiders.

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Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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

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