Mettler-Toledo International Inc. (NYSE:MTD) Stake Cut by Xponance Inc.

Xponance Inc. decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 34.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,355 shares of the medical instruments supplier’s stock after selling 2,815 shares during the period. Xponance Inc.’s holdings in Mettler-Toledo International were worth $7,484,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of Montreal Can boosted its holdings in shares of Mettler-Toledo International by 41.5% during the second quarter. Bank of Montreal Can now owns 43,847 shares of the medical instruments supplier’s stock valued at $64,274,000 after acquiring an additional 12,860 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new position in Mettler-Toledo International during the second quarter valued at about $4,046,000. Evergreen Capital Management LLC grew its holdings in Mettler-Toledo International by 18.5% during the second quarter. Evergreen Capital Management LLC now owns 275 shares of the medical instruments supplier’s stock worth $384,000 after acquiring an additional 43 shares during the period. Magnetar Financial LLC bought a new stake in Mettler-Toledo International in the second quarter worth about $1,848,000. Finally, Public Sector Pension Investment Board raised its position in Mettler-Toledo International by 65.0% in the second quarter. Public Sector Pension Investment Board now owns 815 shares of the medical instruments supplier’s stock worth $1,139,000 after acquiring an additional 321 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 1,000 shares of the company’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 owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International 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 sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the firm’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. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of a number of analyst reports. Evercore ISI lifted their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2nd. Stifel Nicolaus raised their price target on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Jefferies Financial Group reiterated an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. The Goldman Sachs Group boosted their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Finally, StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,356.25.

Mettler-Toledo International Stock Down 0.0 %

NYSE:MTD opened at $1,405.90 on Tuesday. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93. The firm has a 50-day moving average price of $1,409.58 and a 200 day moving average price of $1,376.57. The firm has a market capitalization of $30.03 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 3.70 and a beta of 1.14.

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