Axa S.A. Sells 2,825 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Axa S.A. reduced its position in Mettler-Toledo International Inc. (NYSE:MTD) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,729 shares of the medical instruments supplier’s stock after selling 2,825 shares during the period. Axa S.A.’s holdings in Mettler-Toledo International were worth $14,995,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MTD. Orion Portfolio Solutions LLC increased its holdings in Mettler-Toledo International by 32.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 676 shares of the medical instruments supplier’s stock worth $789,000 after purchasing an additional 166 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Mettler-Toledo International by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 10,243 shares of the medical instruments supplier’s stock worth $12,424,000 after buying an additional 82 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Mettler-Toledo International during the fourth quarter worth $514,000. Scotia Capital Inc. raised its position in Mettler-Toledo International by 67.6% in the 4th quarter. Scotia Capital Inc. now owns 627 shares of the medical instruments supplier’s stock valued at $761,000 after buying an additional 253 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in Mettler-Toledo International by 2.7% during the 4th quarter. California State Teachers Retirement System now owns 35,645 shares of the medical instruments supplier’s stock valued at $43,236,000 after acquiring an additional 943 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction that occurred 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 owns 4,914 shares of the company’s stock, valued at $6,884,514. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the stock in a transaction dated Wednesday, August 7th. The stock was 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 in the company, valued at approximately $6,884,514. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MTD shares. The Goldman Sachs Group increased their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company began coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target on the stock. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,356.25.

Mettler-Toledo International Trading Down 1.0 %

Mettler-Toledo International stock opened at $1,476.51 on Friday. The business’s 50 day simple moving average is $1,414.33 and its 200 day simple moving average is $1,378.57. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,546.93. The company has a market cap of $31.53 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 3.75 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating 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 firm had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter in the prior year, the firm earned $10.19 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current fiscal year.

Mettler-Toledo International Company 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.