Hsbc Holdings PLC Increases Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Hsbc Holdings PLC grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,889 shares of the medical instruments supplier’s stock after purchasing an additional 904 shares during the period. Hsbc Holdings PLC owned approximately 0.35% of Mettler-Toledo International worth $103,889,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in Mettler-Toledo International during the 1st quarter valued at approximately $25,000. Family Firm Inc. purchased a new position in shares of Mettler-Toledo International in the second quarter valued at $25,000. Spartan Planning & Wealth Management bought a new stake in Mettler-Toledo International in the fourth quarter worth $27,000. Bellevue Group AG bought a new stake in Mettler-Toledo International in the fourth quarter worth $30,000. Finally, Mather Group LLC. purchased a new stake in Mettler-Toledo International during the first quarter valued at $32,000. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,402.69 on Thursday. The stock has a 50 day moving average price of $1,406.00 and a 200 day moving average price of $1,373.84. The firm has a market capitalization of $29.96 billion, a P/E ratio of 39.34, a P/E/G ratio of 3.70 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 issued its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. The firm had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $10.19 earnings per share. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Shawn Vadala sold 250 shares of the 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 transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated 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 owns 734 shares of the company’s stock, valued at $1,044,459.98. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price on the stock. The Goldman Sachs Group boosted their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Evercore ISI increased their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. 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 company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,356.25.

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.