Larson Financial Group LLC Increases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Larson Financial Group LLC boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286 shares of the medical instruments supplier’s stock after buying an additional 28 shares during the quarter. Larson Financial Group LLC’s holdings in Mettler-Toledo International were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Family Firm Inc. bought a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $25,000. Blue Trust Inc. boosted its position in Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the third quarter valued at about $37,000. Rothschild Investment LLC purchased a new position in shares of Mettler-Toledo International in the second quarter worth about $42,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at about $42,000. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Trading Up 0.6 %

Shares of MTD opened at $1,232.30 on Wednesday. Mettler-Toledo International Inc. has a 1-year low of $1,059.08 and a 1-year high of $1,546.93. The firm’s 50-day moving average price is $1,355.44 and its 200-day moving average price is $1,397.57. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 4.02 and a beta of 1.16.

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 for the quarter, beating 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 business had revenue of $954.54 million for the quarter, compared to analysts’ expectations of $941.93 million. On average, research analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on MTD. Wells Fargo & Company reduced their price target 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. JPMorgan Chase & Co. raised their target price on shares of 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. Stifel Nicolaus lowered 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 report on Monday, November 11th. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. Finally, Robert W. Baird decreased their price objective 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 report on Monday, November 11th. Two 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 presently has a consensus rating of “Hold” and an average price target of $1,338.75.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the firm’s 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 completion of the transaction, the director now owns 240 shares of the company’s stock, valued at approximately $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.94% of the stock is owned by 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.