Mettler-Toledo International, Inc. $MTD Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 74.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,092 shares of the medical instruments supplier’s stock after selling 23,985 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Mettler-Toledo International were worth $10,338,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MTD. Meridian Wealth Management LLC boosted its holdings in Mettler-Toledo International by 1.7% during the 4th quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock valued at $680,000 after acquiring an additional 8 shares during the period. EverSource Wealth Advisors LLC increased its stake in Mettler-Toledo International by 2.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after purchasing an additional 8 shares during the period. Values First Advisors Inc. lifted its position in shares of Mettler-Toledo International by 1.3% during the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock worth $789,000 after purchasing an additional 8 shares in the last quarter. Torray Investment Partners LLC lifted its position in shares of Mettler-Toledo International by 0.5% during the first quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock worth $2,115,000 after purchasing an additional 8 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Mettler-Toledo International by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 927 shares of the medical instruments supplier’s stock valued at $1,181,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTD. Morgan Stanley lifted their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Jefferies Financial Group increased 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 report on Friday, July 31st. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Citigroup dropped their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Wells Fargo & Company increased their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,461.27.

Insider Activity

In other news, CEO Patrick Kaltenbach sold 942 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the sale, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. This trade represents a 17.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider directly owned 259 shares of the company’s stock, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,254 shares of company stock valued at $6,092,712. 0.71% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,405.98 on Tuesday. The business has a 50-day simple moving average of $1,350.11 and a 200-day simple moving average of $1,274.33. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17. The company has a market cap of $28.18 billion, a PE ratio of 31.64, a P/E/G ratio of 2.88 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $10.09 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

About Mettler-Toledo International

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.