Mettler-Toledo International, Inc. $MTD Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,684 shares of the medical instruments supplier’s stock after selling 2,676 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mettler-Toledo International were worth $304,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MTD. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International in the 1st quarter worth $25,000. Reflection Asset Management purchased a new position in Mettler-Toledo International in the 4th quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $29,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the second quarter worth about $32,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 0.5%

MTD stock opened at $1,405.98 on Tuesday. The firm has a market cap of $28.18 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.88 and a beta of 1.23. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The firm has a fifty day moving average price of $1,350.11 and a two-hundred day moving average price of $1,274.33. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $10.09 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Research analysts predict that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Jefferies Financial Group upped their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Morgan Stanley increased their target price on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,461.27.

Insider Buying and Selling

In related news, Director Thomas P. Salice sold 417 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the sale, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick Kaltenbach sold 942 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the transaction, the chief executive officer owned 4,480 shares of the company’s stock, valued at $6,384,000. This represents a 17.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,254 shares of company stock valued at $6,092,712. 0.71% of the stock is currently owned by insiders.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.