Values First Advisors Inc. Cuts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Values First Advisors Inc. decreased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 778 shares of the medical instruments supplier’s stock after selling 9 shares during the period. Values First Advisors Inc.’s holdings in Mettler-Toledo International were worth $1,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Mettler-Toledo International during the 1st quarter worth approximately $25,000. Spartan Planning & Wealth Management purchased a new position in Mettler-Toledo International in the fourth quarter worth $27,000. Bellevue Group AG acquired a new stake in Mettler-Toledo International in the fourth quarter valued at $30,000. Mather Group LLC. purchased a new stake in shares of Mettler-Toledo International during the 1st quarter worth $32,000. Finally, MCF Advisors LLC grew its stake in shares of Mettler-Toledo International by 285.7% during the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after purchasing an additional 20 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded down $17.20 during mid-day trading on Friday, hitting $1,417.58. 91,846 shares of the company were exchanged, compared to its average volume of 143,536. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93. The business’s 50 day simple moving average is $1,407.29 and its two-hundred day simple moving average is $1,341.00. The company has a market capitalization of $30.28 billion, a P/E ratio of 39.75, a PEG ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 590.80%. The firm had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. During the same quarter in the previous year, the company posted $10.19 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts predict that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on MTD. Evercore ISI raised their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. The Goldman Sachs Group lifted their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Finally, Citigroup upped their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,343.75.

About Mettler-Toledo International

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.