MAI Capital Management Trims Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

MAI Capital Management lessened its position in shares of Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,435 shares of the medical instruments supplier’s stock after selling 35 shares during the period. MAI Capital Management’s holdings in Mettler-Toledo International were worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in Mettler-Toledo International by 183.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 136 shares of the medical instruments supplier’s stock worth $231,000 after buying an additional 88 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Mettler-Toledo International by 5.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 6,629 shares of the medical instruments supplier’s stock worth $11,245,000 after purchasing an additional 369 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Mettler-Toledo International by 10.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 163 shares of the medical instruments supplier’s stock worth $277,000 after purchasing an additional 16 shares during the last quarter. Atria Investments LLC raised its stake in Mettler-Toledo International by 7.2% in the fourth quarter. Atria Investments LLC now owns 1,730 shares of the medical instruments supplier’s stock valued at $2,935,000 after purchasing an additional 116 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in Mettler-Toledo International by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 341 shares of the medical instruments supplier’s stock valued at $579,000 after purchasing an additional 17 shares during the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Up 0.2 %

NYSE MTD opened at $1,366.39 on Tuesday. The stock has a 50-day moving average of $1,220.65 and a 200-day moving average of $1,304.92. The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 250.82. Mettler-Toledo International Inc. has a 1-year low of $1,082.78 and a 1-year high of $1,714.75. The firm has a market cap of $30.76 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 3.36 and a beta of 1.12.

Mettler-Toledo International (NYSE:MTDGet Rating) last released its quarterly earnings data on Friday, July 29th. The medical instruments supplier reported $9.39 earnings per share for the quarter, beating analysts’ consensus estimates of $8.78 by $0.61. Mettler-Toledo International had a return on equity of 799.34% and a net margin of 21.23%. The firm had revenue of $978.39 million during the quarter, compared to analyst estimates of $951.81 million. During the same quarter in the prior year, the firm posted $8.10 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 38.96 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on MTD. TheStreet lowered shares of Mettler-Toledo International from a “b” rating to a “c+” rating in a report on Thursday, July 28th. UBS Group began coverage on Mettler-Toledo International in a research note on Wednesday, July 20th. They set a “neutral” rating and a $1,237.00 price target for the company. The Goldman Sachs Group reduced their price objective on Mettler-Toledo International from $1,280.00 to $1,140.00 and set a “sell” rating on the stock in a research report on Thursday, July 14th. Wells Fargo & Company upgraded Mettler-Toledo International from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $1,600.00 to $1,410.00 in a research report on Monday, April 25th. Finally, Robert W. Baird increased their price target on shares of Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the company a “neutral” rating in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1,298.25.

Insider Activity

In related news, CFO Shawn Vadala sold 400 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $1,245.00, for a total value of $498,000.00. Following the sale, the chief financial officer now directly owns 4,900 shares of the company’s stock, valued at $6,100,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Wah-Hui Chu sold 100 shares of Mettler-Toledo International stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $1,228.00, for a total value of $122,800.00. Following the completion of the transaction, the director now owns 3,475 shares of the company’s stock, valued at approximately $4,267,300. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 400 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $1,245.00, for a total value of $498,000.00. Following the completion of the transaction, the chief financial officer now directly owns 4,900 shares of the company’s stock, valued at approximately $6,100,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,852 shares of company stock valued at $56,952,471. Insiders own 2.80% of the company’s stock.

Mettler-Toledo International Profile

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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