Fiera Capital Corp Has $521.28 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Fiera Capital Corp cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 372,985 shares of the medical instruments supplier’s stock after selling 42,984 shares during the period. Mettler-Toledo International comprises approximately 1.6% of Fiera Capital Corp’s investment portfolio, making the stock its 16th biggest position. Fiera Capital Corp owned approximately 1.75% of Mettler-Toledo International worth $521,280,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sage Mountain Advisors LLC grew its stake in Mettler-Toledo International by 34.0% in the second quarter. Sage Mountain Advisors LLC now owns 205 shares of the medical instruments supplier’s stock valued at $286,000 after acquiring an additional 52 shares during the period. Banque Cantonale Vaudoise raised its stake in shares of Mettler-Toledo International by 13.0% during the 2nd quarter. Banque Cantonale Vaudoise now owns 2,020 shares of the medical instruments supplier’s stock valued at $2,824,000 after purchasing an additional 233 shares during the period. Rothschild Investment LLC bought a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $42,000. Hantz Financial Services Inc. purchased a new stake in shares of Mettler-Toledo International in the second quarter worth $277,000. Finally, International Assets Investment Management LLC bought a new stake in Mettler-Toledo International during the second quarter valued at approximately $84,000. 95.07% of the stock is currently owned by institutional investors.

Insider Transactions at Mettler-Toledo International

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

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,439.08 on Tuesday. The firm has a market cap of $30.73 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 3.84 and a beta of 1.17. The company has a 50 day moving average price of $1,400.87 and a 200-day moving average price of $1,360.09. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. The business had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.19 earnings per share. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. lifted their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Citigroup lifted their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research note on Monday, May 13th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,356.25.

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.