Keybank National Association OH reduced its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 11.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,674 shares of the medical instruments supplier’s stock after selling 214 shares during the quarter. Keybank National Association OH’s holdings in Mettler-Toledo International were worth $1,406,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Permanens Capital L.P. acquired a new stake in Mettler-Toledo International during the first quarter worth about $29,000. Berman Capital Advisors LLC grew its position in Mettler-Toledo International by 48.5% during the second quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock worth $41,000 after buying an additional 16 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in Mettler-Toledo International during the first quarter worth about $44,000. Northwestern Mutual Wealth Management Co. grew its position in Mettler-Toledo International by 40.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 76 shares of the medical instruments supplier’s stock worth $55,000 after buying an additional 22 shares in the last quarter. Finally, Financial Gravity Wealth Inc. acquired a new stake in Mettler-Toledo International during the first quarter worth about $56,000. 96.46% of the stock is currently owned by institutional investors.
In other news, insider La Guerroniere Marc De sold 4,625 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $750.00, for a total value of $3,468,750.00. Following the completion of the transaction, the insider now owns 16,610 shares in the company, valued at $12,457,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wah-Hui Chu sold 700 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $722.14, for a total transaction of $505,498.00. Following the completion of the transaction, the director now owns 3,554 shares of the company’s stock, valued at approximately $2,566,485.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,325 shares of company stock valued at $31,566,228. Corporate insiders own 3.50% of the company’s stock.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.07. The firm had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $736.23 million. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 98.65%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.65 earnings per share. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 22.71 EPS for the current fiscal year.
MTD has been the topic of a number of recent research reports. ValuEngine downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Thursday, May 30th. They set a “peer perform” rating on the stock. Barclays downgraded Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 target price on the stock. in a research report on Monday, July 15th. Finally, Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 target price on the stock. in a research report on Friday, June 7th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $688.60.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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