Logan Capital Management Inc. Sells 148 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Logan Capital Management Inc. cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,459 shares of the medical instruments supplier’s stock after selling 148 shares during the period. Mettler-Toledo International accounts for 1.1% of Logan Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Logan Capital Management Inc.’s holdings in Mettler-Toledo International were worth $26,183,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Family Firm Inc. bought a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $25,000. Blue Trust Inc. lifted its stake in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International in the 3rd quarter valued at $37,000. Rothschild Investment LLC bought a new position in Mettler-Toledo International in the 2nd quarter valued at $42,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $42,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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 for the company in a research note on Monday, November 11th. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1,200.00 to $1,300.00 in a research report on Wednesday. Stifel Nicolaus decreased their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Evercore ISI lifted their target price on shares of 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. Finally, Robert W. Baird decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,351.25.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 140 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the sale, the director now directly owns 240 shares in the company, valued at $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

MTD stock traded down $7.72 on Friday, reaching $1,269.20. 17,320 shares of the company traded hands, compared to its average volume of 135,084. The firm has a fifty day simple moving average of $1,309.36 and a 200-day simple moving average of $1,378.81. The company has a market cap of $26.78 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 4.19 and a beta of 1.13. Mettler-Toledo International Inc. has a one year low of $1,115.64 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results 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 firm had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

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.