Atria Investments Inc Cuts Position in Mettler-Toledo International, Inc. $MTD

Atria Investments Inc lessened its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,566 shares of the medical instruments supplier’s stock after selling 97 shares during the period. Atria Investments Inc’s holdings in Mettler-Toledo International were worth $3,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. D.A. Davidson & CO. lifted its stake in Mettler-Toledo International by 18.4% in the first quarter. D.A. Davidson & CO. now owns 354 shares of the medical instruments supplier’s stock valued at $418,000 after purchasing an additional 55 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Mettler-Toledo International by 14.4% in the first quarter. OneDigital Investment Advisors LLC now owns 238 shares of the medical instruments supplier’s stock valued at $281,000 after purchasing an additional 30 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Mettler-Toledo International by 7.0% in the first quarter. IFM Investors Pty Ltd now owns 4,274 shares of the medical instruments supplier’s stock valued at $5,047,000 after purchasing an additional 280 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Mettler-Toledo International by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 15,823 shares of the medical instruments supplier’s stock valued at $18,686,000 after purchasing an additional 393 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Mettler-Toledo International by 5.4% in the first quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier’s stock valued at $253,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,418.13 on Monday. The company’s fifty day simple moving average is $1,306.50 and its two-hundred day simple moving average is $1,223.27. Mettler-Toledo International, Inc. has a 1 year low of $946.69 and a 1 year high of $1,454.68. The stock has a market capitalization of $29.21 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 4.19 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, topping the consensus estimate of $9.58 by $0.51. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The firm had revenue of $983.22 million for the quarter, compared to analysts’ expectations of $957.41 million. During the same quarter in the prior year, the firm posted $9.65 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Insider Buying and Selling

In related news, insider Gerry Keller sold 165 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total value of $215,925.60. Following the sale, the insider owned 94 shares in the company, valued at approximately $123,012.16. This trade represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $1,325.00, for a total value of $397,500.00. Following the completion of the sale, the chief financial officer owned 5,095 shares in the company, valued at $6,750,875. This trade represents a 5.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,827 shares of company stock worth $2,371,208. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Evercore ISI upped their price objective on Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Bank of America upped their price objective on Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Barclays upped their price objective on Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mettler-Toledo International in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,336.50.

Mettler-Toledo International 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.