Eads & Heald Wealth Management lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 733 shares of the medical instruments supplier’s stock after selling 20 shares during the quarter. Eads & Heald Wealth Management’s holdings in Mettler-Toledo International were worth $616,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Mettler-Toledo International during the first quarter worth approximately $253,000. Marshall Wace LLP lifted its position in Mettler-Toledo International by 21,807.4% during the first quarter. Marshall Wace LLP now owns 14,897 shares of the medical instruments supplier’s stock worth $10,771,000 after buying an additional 14,829 shares in the last quarter. Gulf International Bank UK Ltd lifted its position in Mettler-Toledo International by 11.3% during the first quarter. Gulf International Bank UK Ltd now owns 6,337 shares of the medical instruments supplier’s stock worth $4,581,000 after buying an additional 641 shares in the last quarter. Tiemann Investment Advisors LLC purchased a new position in Mettler-Toledo International during the first quarter worth approximately $217,000. Finally, Northeast Financial Consultants Inc purchased a new position in Mettler-Toledo International during the first quarter worth approximately $1,797,000. Institutional investors and hedge funds own 95.42% of the company’s stock.
In other Mettler-Toledo International news, Director Wah-Hui Chu sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, May 17th. The stock was sold at an average price of $740.00, for a total value of $222,000.00. Following the sale, the director now owns 3,154 shares in the company, valued at $2,333,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider La Guerroniere Marc De sold 4,625 shares of Mettler-Toledo International stock in a transaction 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 sale, the insider now owns 16,610 shares in the company, valued at approximately $12,457,500. The disclosure for this sale can be found here. Insiders sold 48,925 shares of company stock worth $35,650,928 in the last 90 days. Company insiders own 3.50% of the company’s stock.
Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 EPS for the quarter, beating the Zacks’ consensus estimate of $5.09 by $0.07. Mettler-Toledo International had a return on equity of 98.65% and a net margin of 18.45%. The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $736.23 million. During the same quarter in the previous year, the business earned $4.65 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts expect that Mettler-Toledo International Inc. will post 22.71 EPS for the current year.
A number of brokerages recently commented on MTD. ValuEngine downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays downgraded Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price objective on the stock. in a research report on Monday, July 15th. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price objective on the stock. in a research report on Friday, June 7th. Wolfe Research began coverage on Mettler-Toledo International in a research report on Thursday, May 30th. They set a “peer perform” rating on the stock. Finally, Bank of America reiterated a “neutral” rating and set a $755.00 price objective (up previously from $725.00) on shares of Mettler-Toledo International in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $688.60.
Mettler-Toledo International 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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