Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,738 shares of the medical instruments supplier’s stock after selling 75 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Mettler-Toledo International were worth $2,606,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. PineStone Asset Management Inc. grew its holdings in Mettler-Toledo International by 127.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after buying an additional 145,453 shares during the last quarter. Capital International Investors increased its position in Mettler-Toledo International by 15.1% during the 1st quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock worth $1,431,696,000 after purchasing an additional 141,431 shares in the last quarter. International Assets Investment Management LLC raised its stake in Mettler-Toledo International by 149,870.0% in the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after purchasing an additional 89,922 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Mettler-Toledo International by 88.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock valued at $163,290,000 after purchasing an additional 57,509 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Mettler-Toledo International by 53.1% during the 1st quarter. TD Asset Management Inc now owns 154,381 shares of the medical instruments supplier’s stock worth $205,526,000 after purchasing an additional 53,561 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,398.19 on Thursday. The company has a market cap of $29.67 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16. Mettler-Toledo International Inc. has a 12 month low of $953.28 and a 12 month high of $1,546.93. The stock’s 50-day moving average is $1,400.98 and its 200-day moving average is $1,399.40.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MTD. JPMorgan Chase & Co. boosted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Stifel Nicolaus increased their price target on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Wells Fargo & Company began coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price on the stock. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,363.75.

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.