Strive Financial Group LLC trimmed its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 80.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255 shares of the medical instruments supplier’s stock after selling 1,068 shares during the period. Strive Financial Group LLC’s holdings in Mettler-Toledo International were worth $326,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Plan A Wealth LLC increased its holdings in Mettler-Toledo International by 10.6% during the second quarter. Plan A Wealth LLC now owns 366 shares of the medical instruments supplier’s stock worth $468,000 after buying an additional 35 shares during the last quarter. Syon Capital LLC boosted its stake in Mettler-Toledo International by 8.1% in the second quarter. Syon Capital LLC now owns 389 shares of the medical instruments supplier’s stock valued at $497,000 after acquiring an additional 29 shares during the last quarter. denkapparat Operations GmbH bought a new position in shares of Mettler-Toledo International during the 2nd quarter valued at approximately $245,000. NEOS Investment Management LLC increased its stake in shares of Mettler-Toledo International by 14.9% during the 2nd quarter. NEOS Investment Management LLC now owns 3,172 shares of the medical instruments supplier’s stock worth $4,052,000 after purchasing an additional 412 shares during the last quarter. Finally, AXQ Capital LP increased its stake in shares of Mettler-Toledo International by 91.3% during the 2nd quarter. AXQ Capital LP now owns 2,100 shares of the medical instruments supplier’s stock worth $2,683,000 after purchasing an additional 1,002 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on MTD shares. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group boosted their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Morgan Stanley increased their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Rothschild & Co Redburn assumed coverage on Mettler-Toledo International in a research note on Wednesday. They issued a “sell” rating and a $1,200.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,445.31.
Insider Buying and Selling
In other news, insider Gerry Keller sold 240 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the sale, the insider directly owned 259 shares of the company’s stock, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the transaction, the chief financial officer owned 5,579 shares of the company’s stock, valued at $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,254 shares of company stock valued at $6,092,712. Corporate insiders own 0.71% of the company’s stock.
Mettler-Toledo International Price Performance
Shares of NYSE MTD opened at $1,344.87 on Friday. The stock has a market cap of $26.95 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.79 and a beta of 1.22. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The stock has a fifty day moving average of $1,361.63 and a 200-day moving average of $1,274.73.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $10.09 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.
Mettler-Toledo International Profile
Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.
The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.
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