Los Angeles Capital Management LLC Sells 1,735 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Los Angeles Capital Management LLC lessened its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 67.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 833 shares of the medical instruments supplier’s stock after selling 1,735 shares during the period. Los Angeles Capital Management LLC’s holdings in Mettler-Toledo International were worth $1,164,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $25,000. Family Firm Inc. bought a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $27,000. Bellevue Group AG bought a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $30,000. Finally, Mather Group LLC. bought a new stake in shares of Mettler-Toledo International in the first quarter valued at approximately $32,000. Institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target 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. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. The Goldman Sachs Group boosted their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Finally, Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,356.25.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Christian Magloth sold 1,000 shares of the 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 sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $6,884,514. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,388.52 on Thursday. The company has a fifty day moving average of $1,400.49 and a 200-day moving average of $1,368.48. The company has a market capitalization of $29.65 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 3.67 and a beta of 1.14. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $10.19 earnings per share. On average, equities analysts forecast that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Mettler-Toledo International 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.