Cetera Investment Advisers Sells 111 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Cetera Investment Advisers trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 995 shares of the medical instruments supplier’s stock after selling 111 shares during the quarter. Cetera Investment Advisers’ holdings in Mettler-Toledo International were worth $1,391,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in shares of Mettler-Toledo International during the first quarter valued at about $25,000. Family Firm Inc. bought a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $25,000. Mather Group LLC. bought a new position in Mettler-Toledo International in the 1st quarter valued at $32,000. Quarry LP purchased a new position in shares of Mettler-Toledo International during the 4th quarter valued at $36,000. Finally, Rothschild Investment LLC bought a new position in shares of Mettler-Toledo International in the second quarter worth $42,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MTD shares. Stifel Nicolaus boosted 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. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. The Goldman Sachs Group lifted their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,363.75.

Insider Activity

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction 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 owns 734 shares of the company’s stock, valued at $1,044,459.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction 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. This represents a 0.00 % 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 Stock Performance

MTD stock opened at $1,453.40 on Wednesday. The firm has a market cap of $31.04 billion, a P/E ratio of 40.76, a P/E/G ratio of 4.24 and a beta of 1.14. The firm’s fifty day moving average is $1,424.81 and its 200 day moving average is $1,393.13. 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 released its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping the consensus estimate of $9.00 by $0.65. The firm had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.19 earnings per share. As a group, analysts forecast 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.