TCW Group Inc. cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 2.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,290 shares of the medical instruments supplier's stock after selling 378 shares during the period. TCW Group Inc.'s holdings in Mettler-Toledo International were worth $17,565,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Rockbridge Investment Management LCC bought a new position in Mettler-Toledo International in the 4th quarter worth approximately $25,000. Allworth Financial LP bought a new position in Mettler-Toledo International in the 2nd quarter valued at $29,000. San Luis Wealth Advisors LLC bought a new position in Mettler-Toledo International in the 1st quarter valued at $59,000. Newfound Research LLC boosted its holdings in Mettler-Toledo International by 83.0% in the 1st quarter. Newfound Research LLC now owns 86 shares of the medical instruments supplier's stock valued at $118,000 after purchasing an additional 39 shares during the period. Finally, US Asset Management LLC bought a new position in Mettler-Toledo International in the 1st quarter valued at $139,000. 93.00% of the stock is owned by institutional investors.
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Wall Street Analysts Forecast Growth
Several brokerages have commented on MTD. TheStreet downgraded shares of Mettler-Toledo International from a "b" rating to a "c+" rating in a report on Thursday, July 28th. Robert W. Baird raised 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 report on Monday, August 1st. UBS Group initiated coverage on shares of Mettler-Toledo International in a report on Wednesday, July 20th. They issued a "neutral" rating and a $1,237.00 price target for the company. Stifel Nicolaus upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research report on Tuesday, September 6th. Finally, The Goldman Sachs Group cut their target price on shares of Mettler-Toledo International from $1,280.00 to $1,140.00 and set a "sell" rating for the company in a research report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1,338.60.
Mettler-Toledo International Price Performance
MTD stock traded up $8.93 during mid-day trading on Wednesday, hitting $1,113.21. 1,192 shares of the stock were exchanged, compared to its average volume of 99,067. The company has a debt-to-equity ratio of 250.82, a current ratio of 1.18 and a quick ratio of 0.77. The business has a fifty day moving average price of $1,266.79 and a 200 day moving average price of $1,265.21. Mettler-Toledo International Inc. has a 12 month low of $1,082.78 and a 12 month high of $1,714.75. The stock has a market capitalization of $25.06 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 2.75 and a beta of 1.14.
Mettler-Toledo International (NYSE:MTD – Get Rating) last issued its quarterly earnings results on Friday, July 29th. The medical instruments supplier reported $9.39 earnings per share (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 firm 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. The company's revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 38.99 EPS for the current year.
Insider Activity
In other news, Director Olivier A. Filliol sold 374 shares of the business's stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $1,314.05, for a total value of $491,454.70. Following the completion of the sale, the director now owns 30 shares of the company's stock, valued at approximately $39,421.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Olivier A. Filliol sold 374 shares of the business's stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $1,314.05, for a total value of $491,454.70. Following the completion of the sale, the director now owns 30 shares of the company's stock, valued at approximately $39,421.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Olivier A. Filliol sold 8,279 shares of the business's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $1,341.34, for a total value of $11,104,953.86. Following the completion of the sale, the director now directly owns 30 shares of the company's stock, valued at approximately $40,240.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,440 shares of company stock valued at $27,465,861. 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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