IFM Investors Pty Ltd lessened its position in Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 3,636 shares of the medical instruments supplier's stock after selling 17 shares during the quarter. IFM Investors Pty Ltd's holdings in Mettler-Toledo International were worth $4,177,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in MTD. Rockbridge Investment Management LCC purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at approximately $25,000. Allworth Financial LP purchased a new position in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $29,000. San Luis Wealth Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 1st quarter valued at approximately $59,000. Newfound Research LLC raised its stake in Mettler-Toledo International by 83.0% during the first quarter. Newfound Research LLC now owns 86 shares of the medical instruments supplier's stock valued at $118,000 after buying an additional 39 shares during the last quarter. Finally, US Asset Management LLC purchased a new position in Mettler-Toledo International during the first quarter valued at $139,000. Hedge funds and other institutional investors own 93.00% of the company's stock.
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Insider Buying and Selling
In related news, Director Wah-Hui Chu sold 37 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $1,346.64, for a total value of $49,825.68. Following the completion of the sale, the director now owns 4,290 shares of the company's stock, valued at $5,777,085.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mettler-Toledo International news, Director Wah-Hui Chu sold 37 shares of the business's stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $1,346.64, for a total transaction of $49,825.68. Following the completion of the sale, the director now owns 4,290 shares of the company's stock, valued at $5,777,085.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Magloth sold 1,500 shares of the business's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $1,351.03, for a total value of $2,026,545.00. Following the sale, the insider now directly owns 438 shares of the company's stock, valued at approximately $591,751.14. The disclosure for this sale can be found here. Insiders sold 20,440 shares of company stock valued at $27,465,861 over the last 90 days. Company insiders own 2.80% of the company's stock.
Mettler-Toledo International Stock Down 0.3 %
MTD stock opened at $1,132.01 on Friday. The company has a debt-to-equity ratio of 250.82, a current ratio of 1.18 and a quick ratio of 0.77. Mettler-Toledo International Inc. has a 1-year low of $1,082.78 and a 1-year high of $1,714.75. The stock has a market capitalization of $25.48 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.79 and a beta of 1.14. The business has a fifty day moving average price of $1,267.94 and a 200-day moving average price of $1,268.20.
Mettler-Toledo International (NYSE:MTD – Get Rating) last issued its quarterly earnings data on Friday, July 29th. The medical instruments supplier reported $9.39 EPS for the quarter, topping the consensus estimate 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 company had revenue of $978.39 million during the quarter, compared to analyst estimates of $951.81 million. During the same quarter in the previous year, the company posted $8.10 earnings per share. Mettler-Toledo International's revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Mettler-Toledo International Inc. will post 38.99 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have issued reports on MTD shares. UBS Group started coverage on Mettler-Toledo International in a research note on Wednesday, July 20th. They set a "neutral" rating and a $1,237.00 price objective for the company. Stifel Nicolaus upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research note on Tuesday, September 6th. The Goldman Sachs Group lowered their price objective on Mettler-Toledo International from $1,280.00 to $1,140.00 and set a "sell" rating for the company in a research note on Thursday, July 14th. Robert W. Baird lifted their price objective on Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the company a "neutral" rating in a research note on Monday, August 1st. Finally, TheStreet cut Mettler-Toledo International from a "b" rating to a "c+" rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International has a consensus rating of "Hold" and an average target price of $1,338.60.
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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