Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405 shares of the medical instruments supplier’s stock after selling 20 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Mettler-Toledo International were worth $566,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the 1st quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth approximately $27,000. Bellevue Group AG purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Buying and Selling

In other news, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Price Performance

MTD stock opened at $1,476.51 on Friday. The company has a 50-day moving average of $1,414.33 and a two-hundred day moving average of $1,378.57. The stock has a market capitalization of $31.53 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 3.75 and a beta of 1.14. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The business had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. During the same period last year, the business earned $10.19 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts expect that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on MTD shares. JPMorgan Chase & Co. boosted their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus raised their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price for the company. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,356.25.

Mettler-Toledo International 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.