Mettler-Toledo International, Inc. $MTD Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 74.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,092 shares of the medical instruments supplier’s stock after selling 23,985 shares during the period. Royal London Asset Management Ltd.’s holdings in Mettler-Toledo International were worth $10,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTD. Reflection Asset Management acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $26,000. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International in the 1st quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $32,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the sale, the chief financial officer directly owned 5,579 shares in the company, valued at $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Kaltenbach sold 942 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the sale, the chief executive officer directly owned 4,480 shares in the company, valued at $6,384,000. This trade represents a 17.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,254 shares of company stock valued at $6,092,712 in the last quarter. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Trading Up 0.5%

Shares of Mettler-Toledo International stock opened at $1,405.98 on Tuesday. The stock has a 50 day moving average of $1,350.11 and a 200 day moving average of $1,274.33. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.88 and a beta of 1.23. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.09 earnings per share. As a group, research analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Wolfe Research began coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Morgan Stanley lifted their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, Barclays upped their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,461.27.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.