Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 4.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,989 shares of the medical instruments supplier’s stock after purchasing an additional 234 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mettler-Toledo International were worth $8,982,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new stake in Mettler-Toledo International in the first quarter worth about $317,000. Cetera Advisors LLC raised its position in shares of Mettler-Toledo International by 8.0% in the 1st quarter. Cetera Advisors LLC now owns 459 shares of the medical instruments supplier’s stock valued at $611,000 after purchasing an additional 34 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Mettler-Toledo International by 8.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock worth $117,000 after purchasing an additional 7 shares in the last quarter. GAMMA Investing LLC grew its position in Mettler-Toledo International by 70.5% during the 2nd quarter. GAMMA Investing LLC now owns 225 shares of the medical instruments supplier’s stock worth $314,000 after purchasing an additional 93 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Mettler-Toledo International by 7.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock valued at $166,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the subject of several research reports. Wells Fargo & Company lowered 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 note on Monday, November 11th. Robert W. Baird lowered 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 research report on Monday, November 11th. Stifel Nicolaus cut their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price 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. Finally, Evercore ISI upped their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,338.75.

Mettler-Toledo International Trading Up 0.6 %

Shares of MTD stock opened at $1,251.20 on Monday. Mettler-Toledo International Inc. has a twelve month low of $1,068.33 and a twelve month high of $1,546.93. The stock has a market cap of $26.40 billion, a P/E ratio of 33.73, a P/E/G ratio of 4.13 and a beta of 1.16. The stock has a 50 day moving average of $1,345.17 and a 200 day moving average of $1,392.37.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. On average, research analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the transaction, the director now owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.94% of the company’s stock.

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.