MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 40.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,434 shares of the medical instruments supplier's stock after selling 1,640 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Mettler-Toledo International were worth $2,796,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Eaton Vance Management raised its holdings in Mettler-Toledo International by 0.6% in the 4th quarter. Eaton Vance Management now owns 1,584 shares of the medical instruments supplier's stock worth $1,965,000 after acquiring an additional 9 shares during the period. Main Street Financial Solutions LLC boosted its position in shares of Mettler-Toledo International by 2.8% during the 1st quarter. Main Street Financial Solutions LLC now owns 365 shares of the medical instruments supplier's stock valued at $501,000 after acquiring an additional 10 shares in the last quarter. Personal CFO Solutions LLC boosted its position in Mettler-Toledo International by 1.4% in the first quarter. Personal CFO Solutions LLC now owns 747 shares of the medical instruments supplier's stock valued at $1,026,000 after buying an additional 10 shares in the last quarter. Bennett Selby Investments LP boosted its position in Mettler-Toledo International by 8.6% in the first quarter. Bennett Selby Investments LP now owns 151 shares of the medical instruments supplier's stock valued at $207,000 after buying an additional 12 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in Mettler-Toledo International by 3.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 357 shares of the medical instruments supplier's stock valued at $490,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 93.00% of the company's stock.
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Analyst Ratings Changes
A number of equities analysts have commented on the stock. The Goldman Sachs Group reduced their price target on shares of 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. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the stock a "neutral" rating in a research note on Monday, August 1st. Stifel Nicolaus raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Tuesday, September 6th. StockNews.com cut shares of Mettler-Toledo International from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, UBS Group assumed coverage on shares of Mettler-Toledo International in a report on Wednesday, July 20th. They set a "neutral" rating and a $1,237.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $1,338.60.
Mettler-Toledo International Stock Down 1.2 %
Mettler-Toledo International stock opened at $1,104.28 on Wednesday. The stock has a market capitalization of $24.86 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.75 and a beta of 1.14. Mettler-Toledo International Inc. has a twelve month low of $1,082.78 and a twelve month high of $1,714.75. The company has a quick ratio of 0.77, a current ratio of 1.18 and a debt-to-equity ratio of 250.82. The company has a 50 day moving average of $1,266.79 and a 200-day moving average of $1,265.21.
Mettler-Toledo International (NYSE:MTD – Get Rating) last announced its earnings results 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 net margin of 21.23% and a return on equity of 799.34%. The business had revenue of $978.39 million during the quarter, compared to analysts' expectations of $951.81 million. During the same quarter in the prior year, the company posted $8.10 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 38.99 EPS for the current fiscal year.
Insider Activity
In related news, CFO Shawn Vadala sold 800 shares of the firm's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $1,344.06, for a total transaction of $1,075,248.00. Following the transaction, the chief financial officer now directly owns 4,900 shares of the company's stock, valued at $6,585,894. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Shawn Vadala sold 800 shares of the firm's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $1,344.06, for a total transaction of $1,075,248.00. Following the transaction, the chief financial officer now directly owns 4,900 shares of the company's stock, valued at $6,585,894. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Wah-Hui Chu sold 37 shares of the 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 sale, the director now owns 4,290 shares in the company, valued at $5,777,085.60. The disclosure for this sale can be found here. Insiders have sold 20,440 shares of company stock valued at $27,465,861 over the last ninety days. 2.80% of the stock is currently owned by company insiders.
Mettler-Toledo International Company 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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