Mettler-Toledo International Inc. (NYSE:MTD) Position Cut by Keybank National Association OH

Keybank National Association OH trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 11.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its stake in Mettler-Toledo International by 3.3% during the 1st quarter. CIBC Private Wealth Group LLC now owns 470 shares of the medical instruments supplier’s stock valued at $340,000 after purchasing an additional 15 shares in the last quarter. Berman Capital Advisors LLC boosted its stake in Mettler-Toledo International by 48.5% during the 2nd quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock valued at $41,000 after purchasing an additional 16 shares in the last quarter. Hartford Investment Management Co. boosted its stake in shares of Mettler-Toledo International by 0.6% during the 2nd quarter. Hartford Investment Management Co. now owns 2,656 shares of the medical instruments supplier’s stock worth $2,231,000 after acquiring an additional 17 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Mettler-Toledo International by 11.0% during the 2nd quarter. Signaturefd LLC now owns 172 shares of the medical instruments supplier’s stock worth $144,000 after acquiring an additional 17 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Mettler-Toledo International by 5.6% during the 2nd quarter. Raymond James Trust N.A. now owns 337 shares of the medical instruments supplier’s stock worth $283,000 after acquiring an additional 18 shares in the last quarter. 96.46% of the stock is owned by institutional investors and hedge funds.

Shares of MTD traded up $4.80 during mid-day trading on Friday, reaching $665.19. The company’s stock had a trading volume of 213,400 shares, compared to its average volume of 265,478. The business has a fifty day moving average of $785.89 and a 200 day moving average of $739.72. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. Mettler-Toledo International Inc. has a 1 year low of $500.74 and a 1 year high of $873.51. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 2.16.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.09 by $0.07. The company had revenue of $731.00 million during the quarter, compared to analyst estimates of $736.23 million. Mettler-Toledo International had a return on equity of 98.65% and a net margin of 18.45%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 earnings per share. On average, analysts predict that Mettler-Toledo International Inc. will post 22.71 earnings per share for the current year.

In related news, Director Wah-Hui Chu sold 700 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $722.14, for a total transaction of $505,498.00. Following the completion of the sale, the director now directly owns 3,554 shares in the company, valued at $2,566,485.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider La Guerroniere Marc De sold 4,625 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $750.00, for a total value of $3,468,750.00. Following the sale, the insider now owns 16,610 shares of the company’s stock, valued at $12,457,500. The disclosure for this sale can be found here. Insiders sold 43,325 shares of company stock valued at $31,566,228 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Several equities research analysts have recently weighed in on MTD shares. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price objective for the company. in a research note on Friday, June 7th. Barclays lowered Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price objective for the company. in a research note on Monday, July 15th. ValuEngine lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Wolfe Research started coverage on Mettler-Toledo International in a research note on Thursday, May 30th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $688.60.

About Mettler-Toledo International

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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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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