Anchor Investment Management LLC Sells 10 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Anchor Investment Management LLC lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 14.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61 shares of the medical instruments supplier’s stock after selling 10 shares during the quarter. Anchor Investment Management LLC’s holdings in Mettler-Toledo International were worth $85,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTD. First Trust Advisors LP grew its position in shares of Mettler-Toledo International by 9.0% during the fourth quarter. First Trust Advisors LP now owns 37,325 shares of the medical instruments supplier’s stock valued at $45,274,000 after purchasing an additional 3,070 shares in the last quarter. Capital Research Global Investors bought a new position in Mettler-Toledo International during the fourth quarter valued at approximately $12,301,000. Tower Research Capital LLC TRC grew its holdings in Mettler-Toledo International by 73.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,352 shares of the medical instruments supplier’s stock valued at $4,066,000 after buying an additional 1,417 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Mettler-Toledo International by 3.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,160 shares of the medical instruments supplier’s stock worth $2,620,000 after acquiring an additional 77 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Mettler-Toledo International by 181.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 975 shares of the medical instruments supplier’s stock worth $1,183,000 after acquiring an additional 629 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 0.7 %

MTD opened at $1,452.82 on Friday. The business has a fifty day moving average of $1,425.28 and a 200 day moving average of $1,385.84. The stock has a market cap of $31.03 billion, a P/E ratio of 40.74, a PEG ratio of 3.75 and a beta of 1.14. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. The firm had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $10.19 earnings per share. Equities analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTD. JPMorgan Chase & Co. boosted their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. The Goldman Sachs Group increased their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Wells Fargo & Company began coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price objective on the stock. Finally, Evercore ISI raised their price objective 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,363.75.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 734 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 250 shares of the 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 transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

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.