The Manufacturers Life Insurance Company Has $33.68 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

The Manufacturers Life Insurance Company increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,459 shares of the medical instruments supplier’s stock after purchasing an additional 193 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Mettler-Toledo International worth $33,680,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of Mettler-Toledo International during the second quarter worth approximately $25,000. Blue Trust Inc. grew its stake 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 worth $34,000 after acquiring an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International during the third quarter worth $37,000. Rothschild Investment LLC acquired a new position in Mettler-Toledo International during the 2nd quarter valued at $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.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of 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. Robert W. Baird lowered their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. 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 note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,338.75.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,250.85 on Friday. The stock has a market capitalization of $26.39 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 4.10 and a beta of 1.16. The business’s fifty day moving average price is $1,345.17 and its two-hundred day moving average price is $1,393.97. Mettler-Toledo International Inc. has a fifty-two week low of $1,068.33 and a fifty-two week high of $1,546.93.

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, topping 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 business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Research analysts expect that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on 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 sale, the director now owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.94% of the company’s stock.

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.