Thrivent Financial for Lutherans Has $27.60 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Thrivent Financial for Lutherans raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1,940.6% in the third quarter, Holdings Channel reports. The fund owned 18,406 shares of the medical instruments supplier’s stock after acquiring an additional 17,504 shares during the period. Thrivent Financial for Lutherans’ holdings in Mettler-Toledo International were worth $27,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mizuho Securities USA LLC lifted its holdings in shares of Mettler-Toledo International by 807.3% during the third quarter. Mizuho Securities USA LLC now owns 14,970 shares of the medical instruments supplier’s stock valued at $22,451,000 after acquiring an additional 13,320 shares during the period. Empirical Finance LLC lifted its holdings in shares of Mettler-Toledo International by 2.1% during the third quarter. Empirical Finance LLC now owns 764 shares of the medical instruments supplier’s stock valued at $1,146,000 after acquiring an additional 16 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Mettler-Toledo International by 7.8% during the third quarter. CIBC Asset Management Inc now owns 3,107 shares of the medical instruments supplier’s stock valued at $4,660,000 after acquiring an additional 224 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Mettler-Toledo International by 7.7% during the third quarter. Metis Global Partners LLC now owns 1,833 shares of the medical instruments supplier’s stock valued at $2,749,000 after acquiring an additional 131 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock valued at $81,000 after acquiring an additional 9 shares during the period. 95.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MTD shares. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Wells Fargo & Company cut their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Stifel Nicolaus cut their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Robert W. Baird cut their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Two equities research 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 currently has an average rating of “Hold” and a consensus price target of $1,338.75.

Insiders Place Their Bets

In other news, Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 1.2 %

Shares of NYSE:MTD opened at $1,160.67 on Wednesday. The stock has a market capitalization of $24.49 billion, a P/E ratio of 31.29, a P/E/G ratio of 3.89 and a beta of 1.16. Mettler-Toledo International Inc. has a 1-year low of $1,041.49 and a 1-year high of $1,546.93. The business has a 50-day moving average price of $1,373.15 and a two-hundred day moving average price of $1,401.19.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

About Mettler-Toledo International

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.