Trust Asset Management LLC Sells 13 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Trust Asset Management LLC lessened its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 246 shares of the medical instruments supplier’s stock after selling 13 shares during the period. Trust Asset Management LLC’s holdings in Mettler-Toledo International were worth $291,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new stake in Mettler-Toledo International in the first quarter valued at approximately $43,000. Golden State Wealth Management LLC increased its stake in Mettler-Toledo International by 583.3% in the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier’s stock valued at $48,000 after purchasing an additional 35 shares in the last quarter. Menard Financial Group LLC bought a new stake in Mettler-Toledo International in the fourth quarter valued at approximately $67,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 520.0% in the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier’s stock valued at $73,000 after purchasing an additional 52 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Mettler-Toledo International by 39.1% during the first quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier’s stock worth $103,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael A. Kelly sold 1,062 shares of the firm’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the transaction, the director owned 120 shares of the company’s stock, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and dropped their price objective for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Bank of America raised their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Finally, Robert W. Baird raised their price objective on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,288.89.

Mettler-Toledo International Trading Up 0.2%

Mettler-Toledo International stock opened at $1,258.27 on Tuesday. The company has a market cap of $25.92 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 3.77 and a beta of 1.34. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,521.01. The company has a fifty day simple moving average of $1,204.46 and a 200 day simple moving average of $1,189.31.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, beating analysts’ consensus estimates of $9.58 by $0.51. The business had revenue of $983.22 million during the quarter, compared to the consensus estimate of $957.41 million. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $9.65 earnings per share. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current 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.