Mettler-Toledo International, Inc. $MTD Stock: Seilern Investment Management Ltd Lowers Holdings

Seilern Investment Management Ltd cut its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,459 shares of the medical instruments supplier’s stock after selling 598 shares during the period. Mettler-Toledo International comprises approximately 3.9% of Seilern Investment Management Ltd’s investment portfolio, making the stock its 14th biggest position. Seilern Investment Management Ltd owned 0.10% of Mettler-Toledo International worth $30,913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. National Pension Service raised its holdings in Mettler-Toledo International by 7.9% during the 2nd quarter. National Pension Service now owns 39,696 shares of the medical instruments supplier’s stock worth $50,712,000 after purchasing an additional 2,916 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Mettler-Toledo International in the 1st quarter valued at about $26,372,000. Bank of America Corp DE acquired a new position in shares of Mettler-Toledo International during the second quarter worth approximately $240,817,000. Fifth Third Bancorp lifted its stake in shares of Mettler-Toledo International by 377.3% in the first quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock valued at $5,272,000 after buying an additional 3,305 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $1,283,000. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 price target on the stock. Stifel Nicolaus lifted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 8th. Morgan Stanley upped their target price on Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Jefferies Financial Group upped their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1,469.15.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, CEO Patrick Kaltenbach sold 942 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the sale, the chief executive officer directly owned 4,480 shares in the company, valued at $6,384,000. The trade was a 17.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Salice sold 417 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. The trade was a 58.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 4,254 shares of company stock valued at $6,092,712. Company insiders own 0.71% of the company’s stock.

Mettler-Toledo International Stock Up 1.4%

MTD traded up $21.41 during midday trading on Tuesday, reaching $1,584.42. The company’s stock had a trading volume of 76,355 shares, compared to its average volume of 181,214. The stock’s 50-day moving average is $1,427.15 and its 200-day moving average is $1,304.23. The firm has a market capitalization of $31.75 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 3.10 and a beta of 1.19. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,587.74. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $10.09 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts expect that Mettler-Toledo International, Inc. will post 47.37 EPS for the current year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer of precision instruments and related services used in laboratory, industrial, food processing, pharmaceutical and retail applications. The company’s solutions help customers measure, analyze, inspect and control materials and products throughout research, manufacturing and distribution processes.

Its product portfolio includes laboratory balances and scales, analytical instruments, automated chemistry systems, titrators, density and refractometry equipment, process analytics, industrial weighing systems, product inspection technologies and retail weighing and labeling solutions.