First National Bank of Hutchinson cut its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,913 shares of the medical instruments supplier’s stock after selling 2 shares during the period. Mettler-Toledo International makes up about 0.7% of First National Bank of Hutchinson’s investment portfolio, 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 quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Mettler-Toledo International by 1,735.6% in the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock valued at $837,207,000 after buying an additional 1,652,915 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Mettler-Toledo International by 97.4% in the first quarter. Clearbridge Investments LLC now owns 180,393 shares of the medical instruments supplier’s stock valued at $86,392,000 after buying an additional 89,000 shares in the last quarter. Morgan Stanley boosted 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 valued at $128,890,000 after buying an additional 73,762 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Mettler-Toledo International by 15.4% in the second quarter. Acadian Asset Management LLC now owns 549,695 shares of the medical instruments supplier’s stock valued at $323,520,000 after buying an additional 73,217 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Mettler-Toledo International by 125.6% in the first quarter. Pictet Asset Management Ltd. now owns 104,398 shares of the medical instruments supplier’s stock valued at $49,998,000 after buying an additional 58,120 shares in the last quarter. 95.23% of the stock is owned by institutional investors.
Shares of Mettler-Toledo International, Inc. (MTD) opened at 584.96 on Thursday. The stock’s 50 day moving average price is $590.14 and its 200-day moving average price is $533.38. Mettler-Toledo International, Inc. has a 1-year low of $386.01 and a 1-year high of $618.13. The stock has a market capitalization of $15.01 billion, a P/E ratio of 35.97 and a beta of 1.13.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $3.22 EPS. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post $16.89 EPS for the current fiscal year.
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Several research analysts recently weighed in on the company. BidaskClub raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $655.00 price target for the company in a research report on Wednesday, June 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $569.80.
In other Mettler-Toledo International news, Director Wah-Hui Chu sold 500 shares of Mettler-Toledo International stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $567.00, for a total transaction of $283,500.00. Following the completion of the transaction, the director now owns 3,243 shares in the company, valued at approximately $1,838,781. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert F. Spoerry sold 6,200 shares of Mettler-Toledo International stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $570.00, for a total value of $3,534,000.00. Following the transaction, the director now owns 6,454 shares of the company’s stock, valued at approximately $3,678,780. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,786 shares of company stock valued at $11,418,119. 5.20% of the stock is currently owned by company insiders.
Mettler-Toledo International Company Profile
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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