Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Synovus Financial Corp

Synovus Financial Corp reduced its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,768 shares of the medical instruments supplier’s stock after selling 66 shares during the period. Synovus Financial Corp’s holdings in Mettler-Toledo International were worth $2,651,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Mettler-Toledo International by 14.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock worth $1,860,000 after buying an additional 152 shares during the last quarter. Federated Hermes Inc. grew its position in Mettler-Toledo International by 10.3% in the second quarter. Federated Hermes Inc. now owns 7,667 shares of the medical instruments supplier’s stock worth $10,715,000 after acquiring an additional 717 shares during the period. Quest Partners LLC increased its stake in Mettler-Toledo International by 878.1% during the third quarter. Quest Partners LLC now owns 1,027 shares of the medical instruments supplier’s stock worth $1,540,000 after acquiring an additional 922 shares during the last quarter. Renaissance Technologies LLC raised its position in Mettler-Toledo International by 478.6% in the second quarter. Renaissance Technologies LLC now owns 12,730 shares of the medical instruments supplier’s stock valued at $17,791,000 after purchasing an additional 10,530 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in shares of Mettler-Toledo International in the 3rd quarter valued at $1,428,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTD has been the topic of several research analyst reports. Robert W. Baird reduced their price objective 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. Wells Fargo & Company lowered their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Evercore ISI boosted their target price 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. Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday. They set a “peer perform” rating for the company. Finally, Stifel Nicolaus decreased their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,351.25.

Insider Buying and Selling at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now owns 240 shares of the company’s stock, valued at $314,820. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gerry Keller sold 140 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at approximately $7,524.54. This represents a 95.89 % 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 Trading Up 0.0 %

NYSE:MTD opened at $1,276.98 on Monday. The stock has a fifty day moving average price of $1,305.85 and a 200 day moving average price of $1,376.41. Mettler-Toledo International Inc. has a 12-month low of $1,115.64 and a 12-month high of $1,546.93. The firm has a market cap of $26.95 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 4.19 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. Equities 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.