Crossmark Global Holdings Inc. Trims Position in Mettler-Toledo International Inc. (NYSE:MTD)

Crossmark Global Holdings Inc. lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,820 shares of the medical instruments supplier’s stock after selling 175 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Mettler-Toledo International were worth $2,544,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in shares of Mettler-Toledo International during the 2nd quarter worth $25,000. Rise Advisors LLC purchased a new position in shares of Mettler-Toledo International during the 1st quarter worth $25,000. Spartan Planning & Wealth Management purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth $27,000. Bellevue Group AG purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth $30,000. Finally, Mather Group LLC. purchased a new position in shares of Mettler-Toledo International during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the topic of several research reports. Stifel Nicolaus increased their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Citigroup increased their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research report on Monday, May 13th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research report on Tuesday. They issued an “equal weight” rating and a $1,400.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,356.25.

Insider Activity

In other news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $6,884,514. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

NYSE MTD traded up $7.85 during trading hours on Friday, hitting $1,439.08. The company had a trading volume of 113,912 shares, compared to its average volume of 139,169. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93. The company has a market capitalization of $30.73 billion, a price-to-earnings ratio of 40.36, a P/E/G ratio of 4.06 and a beta of 1.17. The firm’s 50 day moving average is $1,401.66 and its 200 day moving average is $1,354.01.

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