Oak Ridge Investments LLC Sells 9 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Oak Ridge Investments LLC cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 390 shares of the medical instruments supplier’s stock after selling 9 shares during the period. Oak Ridge Investments LLC’s holdings in Mettler-Toledo International were worth $585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in Mettler-Toledo International during the second quarter worth $25,000. Blue Trust Inc. increased its holdings in shares of Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after buying an additional 17 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Mettler-Toledo International during the second quarter worth $42,000. Itau Unibanco Holding S.A. acquired a new position in shares of Mettler-Toledo International during the second quarter worth $42,000. Finally, Crewe Advisors LLC increased its holdings in shares of Mettler-Toledo International by 244.4% during the second quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock worth $43,000 after buying an additional 22 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Shawn Vadala sold 250 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $6,884,514. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christian Magloth sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MTD shares. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. The Goldman Sachs Group upped their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Stifel Nicolaus increased their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company assumed coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price objective for the company. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,363.75.

Mettler-Toledo International Trading Up 3.9 %

Shares of Mettler-Toledo International stock opened at $1,342.09 on Friday. The business has a 50-day moving average price of $1,403.38 and a two-hundred day moving average price of $1,394.26. Mettler-Toledo International Inc. has a 1-year low of $953.28 and a 1-year high of $1,546.93. The company has a market cap of $28.48 billion, a P/E ratio of 36.93, a PEG ratio of 3.81 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The firm had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. During the same period last year, the business posted $10.19 EPS. The business’s revenue was down 3.6% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International Inc. will post 40.34 EPS for the current fiscal year.

Mettler-Toledo International 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.