Thrivent Financial for Lutherans Has $27.60 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Thrivent Financial for Lutherans increased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 1,940.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,406 shares of the medical instruments supplier’s stock after buying an additional 17,504 shares during the period. Thrivent Financial for Lutherans owned 0.09% of Mettler-Toledo International worth $27,604,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Mettler-Toledo International by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock worth $117,000 after buying an additional 7 shares during the last quarter. UMB Bank n.a. increased its holdings in Mettler-Toledo International by 6.6% in the second quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock worth $158,000 after buying an additional 7 shares during the last quarter. Bellevue Group AG increased its holdings in Mettler-Toledo International by 32.0% in the first quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock worth $44,000 after buying an additional 8 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Mettler-Toledo International by 7.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock worth $166,000 after purchasing an additional 8 shares during the period. Finally, DT Investment Partners LLC grew its holdings in Mettler-Toledo International by 13.3% during the third quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock valued at $102,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 1.2 %

Shares of Mettler-Toledo International stock opened at $1,160.67 on Wednesday. The company’s fifty day simple moving average is $1,373.15 and its 200-day simple moving average is $1,401.19. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.89 and a beta of 1.16. Mettler-Toledo International Inc. has a 1 year low of $1,041.49 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced 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. The business had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, research analysts forecast that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTD has been the topic of several analyst reports. Evercore ISI increased their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Robert W. Baird lowered their price target 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, November 11th. Wells Fargo & Company lowered 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 report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus lowered their price target 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, November 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and an average price target of $1,338.75.

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.