Patron Partners LLC Sells 50 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Patron Partners LLC lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,241 shares of the medical instruments supplier’s stock after selling 50 shares during the quarter. Mettler-Toledo International accounts for 1.0% of Patron Partners LLC’s investment portfolio, making the stock its 18th largest holding. Patron Partners LLC’s holdings in Mettler-Toledo International were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of MTD. Family Firm Inc. bought a new position in Mettler-Toledo International in the 2nd quarter valued at $25,000. Blue Trust Inc. grew its stake in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter worth $37,000. Rothschild Investment LLC bought a new position in shares of Mettler-Toledo International during the 2nd quarter worth $42,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Mettler-Toledo International during the 2nd quarter worth $42,000. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MTD. JPMorgan Chase & Co. increased their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI increased their price objective on 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. Robert W. Baird dropped their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company dropped 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 report on Monday. Finally, Stifel Nicolaus dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,338.75.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,250.07 on Tuesday. The firm has a market cap of $26.53 billion, a P/E ratio of 33.70, a P/E/G ratio of 3.83 and a beta of 1.16. Mettler-Toledo International Inc. has a fifty-two week low of $1,015.29 and a fifty-two week high of $1,546.93. The business’s 50 day moving average price is $1,398.01 and its 200-day moving average price is $1,402.52.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The company had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a negative return on equity of 532.25% and a net margin of 21.15%. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 40.34 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

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

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.