Parsons Capital Management Inc. RI Decreases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Parsons Capital Management Inc. RI trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,561 shares of the medical instruments supplier’s stock after selling 111 shares during the period. Parsons Capital Management Inc. RI’s holdings in Mettler-Toledo International were worth $3,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Mettler-Toledo International during the 4th quarter worth about $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International during the 4th quarter worth about $44,000. Blue Trust Inc. lifted its holdings in shares of Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after purchasing an additional 17 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $54,000. Finally, Menard Financial Group LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $67,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MTD shares. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Wells Fargo & Company boosted their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and dropped their price target for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Evercore ISI boosted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, Robert W. Baird dropped their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,302.11.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,196.53 on Tuesday. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The company has a market capitalization of $24.87 billion, a P/E ratio of 29.52, a PEG ratio of 3.30 and a beta of 1.38. The business has a 50 day moving average price of $1,092.81 and a 200 day moving average price of $1,205.00.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating analysts’ consensus estimates of $7.90 by $0.29. The firm had revenue of $883.74 million for the quarter, compared to analysts’ expectations of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Mettler-Toledo International’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.89 EPS. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the sale, the director now owns 120 shares in the company, valued at approximately $139,191.60. This represents a 89.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through 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, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.