Beck Mack & Oliver LLC Has $2.36 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Beck Mack & Oliver LLC trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,353 shares of the medical instruments supplier’s stock after selling 220 shares during the period. Beck Mack & Oliver LLC’s holdings in Mettler-Toledo International were worth $2,362,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Permanens Capital L.P. boosted its stake in Mettler-Toledo International by 20.0% in the 3rd quarter. Permanens Capital L.P. now owns 120 shares of the medical instruments supplier’s stock worth $85,000 after buying an additional 20 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in Mettler-Toledo International by 101.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 759 shares of the medical instruments supplier’s stock worth $534,000 after buying an additional 382 shares during the last quarter. Ropes Wealth Advisors LLC boosted its stake in Mettler-Toledo International by 170.6% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 46 shares of the medical instruments supplier’s stock worth $32,000 after buying an additional 29 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Mettler-Toledo International by 40,233.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,210 shares of the medical instruments supplier’s stock worth $853,000 after buying an additional 1,207 shares during the last quarter. Finally, Papp L Roy & Associates boosted its stake in Mettler-Toledo International by 0.3% in the 3rd quarter. Papp L Roy & Associates now owns 12,422 shares of the medical instruments supplier’s stock worth $8,750,000 after buying an additional 34 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michael Heidingsfelder sold 4,415 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $710.82, for a total value of $3,138,270.30. Following the completion of the transaction, the insider now owns 800 shares in the company, valued at approximately $568,656. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 100 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $711.50, for a total value of $71,150.00. Following the completion of the transaction, the chief financial officer now owns 5,730 shares of the company’s stock, valued at approximately $4,076,895. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,276 shares of company stock valued at $21,852,281. Insiders own 3.50% of the company’s stock.

A number of analysts have issued reports on MTD shares. Bank of America decreased their price target on Mettler-Toledo International from $830.00 to $720.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Stifel Nicolaus initiated coverage on Mettler-Toledo International in a report on Thursday, November 14th. They issued a “hold” rating and a $790.00 price objective on the stock. ValuEngine upgraded Mettler-Toledo International from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Barclays dropped their target price on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Finally, Zacks Investment Research downgraded Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $760.00 target price on the stock. in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and a consensus target price of $716.00.

NYSE MTD traded up $19.62 during mid-day trading on Wednesday, reaching $731.66. 324,000 shares of the company’s stock traded hands, compared to its average volume of 170,079. Mettler-Toledo International Inc. has a 1-year low of $500.74 and a 1-year high of $873.51. The company has a fifty day simple moving average of $708.25 and a 200-day simple moving average of $732.87. The company has a current ratio of 1.34, a quick ratio of 0.95 and a debt-to-equity ratio of 2.57. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 2.40 and a beta of 1.34.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $5.77 earnings per share for the quarter, beating analysts’ consensus estimates of $5.71 by $0.06. Mettler-Toledo International had a return on equity of 105.34% and a net margin of 18.42%. The firm had revenue of $753.90 million during the quarter, compared to analyst estimates of $751.34 million. During the same quarter last year, the firm earned $5.12 EPS. Mettler-Toledo International’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that Mettler-Toledo International Inc. will post 22.68 earnings per share for the current fiscal year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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