Chevy Chase Trust Holdings LLC Sells 301 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,501 shares of the medical instruments supplier’s stock after selling 301 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Mettler-Toledo International worth $14,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp increased its stake in shares of Mettler-Toledo International by 1.0% during the third quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier’s stock valued at $1,431,693,000 after purchasing an additional 9,009 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mettler-Toledo International by 0.8% during the third quarter. Geode Capital Management LLC now owns 547,439 shares of the medical instruments supplier’s stock valued at $818,906,000 after purchasing an additional 4,166 shares in the last quarter. Barclays PLC increased its stake in shares of Mettler-Toledo International by 8.3% during the third quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier’s stock valued at $384,822,000 after purchasing an additional 19,609 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Mettler-Toledo International by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock valued at $332,634,000 after purchasing an additional 28,478 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Mettler-Toledo International by 1.8% during the third quarter. Loomis Sayles & Co. L P now owns 209,902 shares of the medical instruments supplier’s stock valued at $314,790,000 after purchasing an additional 3,644 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating on the stock. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price target for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Wells Fargo & Company increased their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus cut their price target on shares of 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,368.00.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at $7,524.54. This trade represents a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 1.8 %

Shares of MTD stock opened at $1,273.44 on Monday. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93. The firm’s 50 day moving average is $1,284.29 and its 200 day moving average is $1,338.69. The stock has a market capitalization of $26.87 billion, a P/E ratio of 31.42, a P/E/G ratio of 4.80 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 564.51%. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current year.

Mettler-Toledo International Company 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.