Mettler-Toledo International, Inc. $MTD Position Lowered by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 9.2% during the third quarter, HoldingsChannel reports. The fund owned 4,355 shares of the medical instruments supplier’s stock after selling 442 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Mettler-Toledo International were worth $6,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in shares of Mettler-Toledo International by 5.4% during the third quarter. Quadrant Capital Group LLC now owns 488 shares of the medical instruments supplier’s stock valued at $780,000 after purchasing an additional 25 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Mettler-Toledo International by 12.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,717 shares of the medical instruments supplier’s stock valued at $13,171,000 after buying an additional 932 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Mettler-Toledo International by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,794 shares of the medical instruments supplier’s stock valued at $4,222,000 after buying an additional 7 shares during the period. Abel Hall LLC bought a new position in Mettler-Toledo International in the 3rd quarter valued at approximately $225,000. Finally, IFP Advisors Inc raised its holdings in Mettler-Toledo International by 17.2% in the 3rd quarter. IFP Advisors Inc now owns 259 shares of the medical instruments supplier’s stock valued at $391,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of several recent research reports. Royal Bank Of Canada initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 target price on the stock. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wells Fargo & Company upped their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Finally, UBS Group began coverage on shares of Mettler-Toledo International in a report on Wednesday, September 9th. They set a “neutral” rating and a $1,460.00 price target on the stock. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,469.15.

Mettler-Toledo International Stock Up 0.6%

Shares of NYSE MTD opened at $1,688.01 on Friday. The company’s 50 day moving average price is $1,460.32 and its 200-day moving average price is $1,325.51. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,713.39. The company has a market capitalization of $33.83 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted $10.09 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts forecast that Mettler-Toledo International, Inc. will post 47.37 earnings per share for the current year.

Insider Activity

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider owned 259 shares of the company’s stock, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Salice sold 417 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the sale, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is owned by insiders.

About Mettler-Toledo International

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.