HighTower Advisors LLC Reduces Holdings in Mettler-Toledo International, Inc. $MTD

HighTower Advisors LLC lowered its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,896 shares of the medical instruments supplier’s stock after selling 5,055 shares during the period. HighTower Advisors LLC’s holdings in Mettler-Toledo International were worth $36,914,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MTD. Reflection Asset Management purchased a new stake in Mettler-Toledo International in the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International during the first quarter worth $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International in the second quarter worth $26,000. Elyxium Wealth LLC acquired a new position in shares of Mettler-Toledo International in the fourth quarter worth $29,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at $32,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,325.47 on Wednesday. The stock has a fifty day moving average price of $1,364.27 and a 200 day moving average price of $1,273.69. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The firm has a market capitalization of $26.56 billion, a P/E ratio of 29.83, a PEG ratio of 2.70 and a beta of 1.22. 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 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. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $10.09 EPS. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on MTD. Barclays increased their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Royal Bank Of Canada assumed coverage on shares of Mettler-Toledo International in a report on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Stifel Nicolaus boosted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,445.31.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the transaction, the chief financial officer owned 5,579 shares of the company’s stock, valued at $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the transaction, the insider owned 259 shares in the company, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,254 shares of company stock valued at $6,092,712 over the last three months. Insiders own 0.71% of the company’s stock.

Mettler-Toledo International Profile

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.