Mettler-Toledo International Inc. (NYSE:MTD) Stake Reduced by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 6.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,963 shares of the medical instruments supplier’s stock after selling 132 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Mettler-Toledo International were worth $2,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the 1st quarter worth about $25,000. Family Firm Inc. bought a new position in Mettler-Toledo International in the 2nd quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $27,000. Bellevue Group AG acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $30,000. Finally, Mather Group LLC. bought a new stake in shares of Mettler-Toledo International during the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MTD. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price on the stock. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Finally, Stifel Nicolaus boosted their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,356.25.

Insider Buying and Selling

In other news, CFO Shawn Vadala sold 250 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Up 1.4 %

Shares of MTD stock opened at $1,402.69 on Thursday. The stock has a 50-day simple moving average of $1,406.00 and a 200 day simple moving average of $1,373.84. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93. The stock has a market capitalization of $29.96 billion, a P/E ratio of 39.34, a P/E/G ratio of 3.70 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter in the previous year, the company posted $10.19 EPS. The business’s revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current year.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.