Palisade Asset Management LLC Sells 150 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Palisade Asset Management LLC lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the medical instruments supplier’s stock after selling 150 shares during the quarter. Palisade Asset Management LLC’s holdings in Mettler-Toledo International were worth $1,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. bought a new position in Mettler-Toledo International during the second quarter worth about $25,000. Blue Trust Inc. lifted its position in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter worth approximately $37,000. Rothschild Investment LLC acquired a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $42,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Mettler-Toledo International in the 2nd quarter valued at $42,000. Institutional investors own 95.07% of the company’s stock.

Insiders Place Their Bets

In other news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 240 shares of the company’s stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird reduced their price objective 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 upped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Wells Fargo & Company cut their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Stifel Nicolaus decreased their target price on 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, JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,338.75.

Mettler-Toledo International Trading Up 1.8 %

Shares of MTD stock opened at $1,217.97 on Friday. The stock has a market cap of $25.70 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 3.95 and a beta of 1.16. Mettler-Toledo International Inc. has a 1 year low of $1,059.08 and a 1 year high of $1,546.93. The stock has a 50 day simple moving average of $1,361.85 and a 200 day simple moving average of $1,397.91.

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 analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The firm had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Mettler-Toledo International Company Profile

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.