Strive Financial Group LLC Lowers Position in Mettler-Toledo International, Inc. $MTD

Strive Financial Group LLC lessened its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 80.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255 shares of the medical instruments supplier’s stock after selling 1,068 shares during the quarter. Strive Financial Group LLC’s holdings in Mettler-Toledo International were worth $326,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Mettler-Toledo International in the first quarter valued at $26,372,000. Crossmark Global Holdings Inc. increased its position in shares of Mettler-Toledo International by 34.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after purchasing an additional 1,060 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Mettler-Toledo International by 377.3% during the 1st quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock valued at $5,272,000 after buying an additional 3,305 shares in the last quarter. SEB Asset Management AB bought a new stake in Mettler-Toledo International in the 1st quarter worth approximately $15,889,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Mettler-Toledo International by 4.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,812 shares of the medical instruments supplier’s stock worth $61,836,000 after buying an additional 1,683 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the sale, the insider owned 259 shares of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Salice sold 417 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total value of $600,650.97. Following the transaction, the director directly owned 292 shares in the company, valued at $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,254 shares of company stock worth $6,092,712. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTD. Robert W. Baird cut their price objective on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. reduced their price objective on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Morgan Stanley boosted their target price on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,445.31.

Mettler-Toledo International Stock Down 0.8%

MTD stock opened at $1,344.87 on Friday. The business has a 50 day moving average of $1,361.63 and a 200 day moving average of $1,274.73. The firm has a market cap of $26.95 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.79 and a beta of 1.22. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The firm 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $10.09 earnings per share. On average, research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Mettler-Toledo International Company Profile

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.