First National Bank of Hutchinson cut its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,913 shares of the medical instruments supplier’s stock after selling 2 shares during the period. Mettler-Toledo International makes up approximately 0.7% of First National Bank of Hutchinson’s holdings, making the stock its 14th largest position. First National Bank of Hutchinson’s holdings in Mettler-Toledo International were worth $1,150,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC raised its position in shares of Mettler-Toledo International by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 37,697 shares of the medical instruments supplier’s stock worth $15,778,000 after buying an additional 2,672 shares in the last quarter. Morgan Stanley raised its position in shares of Mettler-Toledo International by 37.8% in the first quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock worth $128,890,000 after buying an additional 73,762 shares in the last quarter. Creative Planning raised its position in shares of Mettler-Toledo International by 7.4% in the first quarter. Creative Planning now owns 1,151 shares of the medical instruments supplier’s stock worth $551,000 after buying an additional 79 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Mettler-Toledo International by 54.6% in the first quarter. Toronto Dominion Bank now owns 7,000 shares of the medical instruments supplier’s stock worth $3,352,000 after buying an additional 2,472 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Mettler-Toledo International by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 8,168 shares of the medical instruments supplier’s stock worth $3,911,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.
Mettler-Toledo International, Inc. (MTD) traded up 0.07% during midday trading on Wednesday, reaching $575.57. The company’s stock had a trading volume of 123,795 shares. Mettler-Toledo International, Inc. has a 12-month low of $386.01 and a 12-month high of $618.13. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 35.39 and a beta of 1.13. The company’s 50-day moving average is $593.77 and its 200 day moving average is $523.43.
Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. During the same quarter last year, the firm earned $3.22 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts forecast that Mettler-Toledo International, Inc. will post $16.89 earnings per share for the current year.
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Several equities analysts have recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and set a $565.00 price objective (up from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 price objective on the stock in a research report on Friday, July 21st. Wells Fargo & Company upgraded Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mettler-Toledo International has an average rating of “Buy” and an average price target of $569.80.
In related news, CFO Shawn Vadala sold 330 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $577.00, for a total value of $190,410.00. Following the completion of the sale, the chief financial officer now owns 5,855 shares in the company, valued at approximately $3,378,335. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert F. Spoerry sold 5,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $555.78, for a total transaction of $2,778,900.00. Following the completion of the transaction, the director now owns 9,656 shares of the company’s stock, valued at approximately $5,366,611.68. The disclosure for this sale can be found here. Insiders sold a total of 23,996 shares of company stock valued at $13,673,195 in the last quarter. 5.20% of the stock is owned by insiders.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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