Desjardins Global Asset Management Inc. lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 3.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 638 shares of the medical instruments supplier’s stock after selling 26 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Mettler-Toledo International were worth $976,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $26,000. Ronald Blue Trust Inc. grew its holdings in Mettler-Toledo International by 72.7% during the 1st quarter. Ronald Blue Trust Inc. now owns 19 shares of the medical instruments supplier’s stock valued at $28,000 after buying an additional 8 shares in the last quarter. Allworth Financial LP grew its holdings in Mettler-Toledo International by 43.8% during the 4th quarter. Allworth Financial LP now owns 23 shares of the medical instruments supplier’s stock valued at $33,000 after buying an additional 7 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in Mettler-Toledo International by 84.6% during the 4th quarter. Bell Investment Advisors Inc now owns 24 shares of the medical instruments supplier’s stock valued at $35,000 after buying an additional 11 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $43,000. Institutional investors own 92.89% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on MTD. Bank of America cut their price objective on shares of Mettler-Toledo International from $1,650.00 to $1,525.00 in a report on Sunday, May 7th. Stifel Nicolaus cut their target price on shares of Mettler-Toledo International from $1,700.00 to $1,650.00 in a report on Monday, May 8th. Wells Fargo & Company cut their target price on shares of Mettler-Toledo International from $1,675.00 to $1,660.00 in a report on Monday, May 8th. 51job reissued a “maintains” rating on shares of Mettler-Toledo International in a report on Monday, May 8th. Finally, Robert W. Baird cut their target price on shares of Mettler-Toledo International from $1,513.00 to $1,454.00 in a report on Monday, May 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,502.71.
Mettler-Toledo International Stock Up 0.0 %
Mettler-Toledo International (NYSE:MTD – Get Free Report) last released its earnings results on Thursday, May 4th. The medical instruments supplier reported $8.69 earnings per share for the quarter, topping the consensus estimate of $8.61 by $0.08. The business had revenue of $928.70 million during the quarter, compared to the consensus estimate of $921.19 million. Mettler-Toledo International had a negative return on equity of 4,833.51% and a net margin of 22.45%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $7.87 earnings per share. Analysts anticipate that Mettler-Toledo International Inc. will post 43.85 EPS for the current year.
Insider Activity at Mettler-Toledo International
In related news, insider Ann Ping Richard Wong sold 1,363 shares of Mettler-Toledo International stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $1,395.27, for a total value of $1,901,753.01. Following the completion of the sale, the insider now directly owns 380 shares in the company, valued at $530,202.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Ann Ping Richard Wong sold 1,363 shares of Mettler-Toledo International stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $1,395.27, for a total value of $1,901,753.01. Following the completion of the sale, the insider now directly owns 380 shares in the company, valued at $530,202.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerry Keller sold 449 shares of Mettler-Toledo International stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $1,400.00, for a total value of $628,600.00. The disclosure for this sale can be found here. Insiders sold 3,417 shares of company stock worth $4,731,561 over the last three months. 2.40% of the stock is owned by corporate insiders.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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.
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