Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,353 shares of the medical instruments supplier’s stock after selling 23 shares during the period. Raymond James & Associates’ holdings in Mettler-Toledo International were worth $6,528,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MTD. EverSource Wealth Advisors LLC grew its holdings in Mettler-Toledo International by 8.0% during the first quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock worth $117,000 after acquiring an additional 7 shares during the period. UMB Bank n.a. grew its holdings in shares of Mettler-Toledo International by 6.6% in the 2nd quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock worth $158,000 after acquiring an additional 7 shares during the period. Bellevue Group AG increased its stake in Mettler-Toledo International by 32.0% in the 1st quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock valued at $44,000 after purchasing an additional 8 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Mettler-Toledo International by 7.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock worth $166,000 after buying an additional 8 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its stake in shares of Mettler-Toledo International by 1.2% during the 1st quarter. Wealthspire Advisors LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,008,000 after purchasing an additional 9 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Down 0.8 %

Shares of Mettler-Toledo International stock opened at $1,291.75 on Friday. The stock has a market capitalization of $27.41 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 3.78 and a beta of 1.14. The firm’s 50-day moving average price is $1,405.26 and its two-hundred day moving average price is $1,393.58. Mettler-Toledo International Inc. has a 1-year low of $953.28 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating 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 business had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. During the same period in the prior year, the firm earned $10.19 earnings per share. Mettler-Toledo International’s revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Mettler-Toledo International Inc. will post 40.34 EPS for the current year.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on MTD. Wells Fargo & Company began coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price for the company. Evercore ISI increased 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 note on Tuesday, October 1st. The Goldman Sachs Group lifted their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Stifel Nicolaus lifted their target price on 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,363.75.

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.