Amalgamated Bank Has $6.03 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Amalgamated Bank trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 7.7% during the second quarter, Holdings Channel reports. The institutional investor owned 4,313 shares of the medical instruments supplier’s stock after selling 362 shares during the quarter. Amalgamated Bank’s holdings in Mettler-Toledo International were worth $6,028,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in Mettler-Toledo International during the first quarter worth $25,000. Family Firm Inc. purchased a new position in Mettler-Toledo International during the 2nd quarter worth $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth $27,000. Bellevue Group AG purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $30,000. Finally, Mather Group LLC. purchased a new position in Mettler-Toledo International during the first quarter worth about $32,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Down 2.6 %

Shares of MTD stock opened at $1,406.11 on Friday. The business has a 50-day moving average price of $1,408.63 and a two-hundred day moving average price of $1,375.15. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93. The firm has a market cap of $30.03 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 3.70 and a beta of 1.14.

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 company had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. During the same quarter in the previous year, the company posted $10.19 EPS. Mettler-Toledo International’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, research analysts expect that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MTD shares. Evercore ISI lifted their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. increased their price objective on 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. Wells Fargo & Company assumed coverage on shares of Mettler-Toledo International in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price for the company. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,356.25.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Christian Magloth sold 1,000 shares of the stock in a transaction that occurred 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 owns 734 shares of the company’s stock, valued at $1,044,459.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

About Mettler-Toledo International

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.