Caisse DE Depot ET Placement DU Quebec Reduces Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Caisse DE Depot ET Placement DU Quebec lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 91.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 254 shares of the medical instruments supplier’s stock after selling 2,746 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Mettler-Toledo International were worth $381,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Gateway Investment Advisers LLC acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at $685,000. SG Americas Securities LLC lifted its holdings in Mettler-Toledo International by 52.9% in the 2nd quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier’s stock valued at $6,312,000 after purchasing an additional 1,562 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Mettler-Toledo International by 14.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock worth $1,860,000 after purchasing an additional 152 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Mettler-Toledo International by 212.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier’s stock worth $1,828,000 after buying an additional 889 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Mettler-Toledo International by 10.3% during the second quarter. Federated Hermes Inc. now owns 7,667 shares of the medical instruments supplier’s stock valued at $10,715,000 after buying an additional 717 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,257.86 on Wednesday. Mettler-Toledo International Inc. has a 1-year low of $1,068.33 and a 1-year high of $1,546.93. The business has a 50-day moving average of $1,338.57 and a 200-day moving average of $1,388.61. The company has a market capitalization of $26.54 billion, a PE ratio of 33.91, a P/E/G ratio of 4.15 and a beta of 1.13.

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

Wall Street Analyst Weigh In

MTD has been the subject of several recent analyst reports. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. Robert W. Baird cut their target price on shares of 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. Stifel Nicolaus decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, Wells Fargo & Company cut 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. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,338.75.

Insider Activity at Mettler-Toledo International

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

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.