Pacer Advisors Inc. Sells 568 Shares of Mettler-Toledo International, Inc. $MTD

Pacer Advisors Inc. reduced its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 33.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,137 shares of the medical instruments supplier’s stock after selling 568 shares during the period. Pacer Advisors Inc.’s holdings in Mettler-Toledo International were worth $1,434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Reflection Asset Management bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the 1st quarter worth approximately $25,000. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $29,000. DV Equities LLC bought a new position in Mettler-Toledo International during the 4th quarter valued at approximately $40,000. Finally, Root Financial Partners LLC raised its stake in Mettler-Toledo International by 45.5% during the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock valued at $40,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of a number of recent research reports. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Barclays upped their price target on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Wells Fargo & Company lifted their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Stifel Nicolaus increased their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Six 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, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,461.27.

Insider Activity at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 417 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the sale, the director owned 292 shares of the company’s stock, valued at $420,599.72. This represents a 58.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the transaction, the chief financial officer directly owned 5,579 shares in the company, valued at approximately $7,989,128. The trade was a 28.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is owned by insiders.

Mettler-Toledo International Stock Up 0.6%

Shares of Mettler-Toledo International stock opened at $1,429.14 on Friday. 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. The company’s 50 day moving average is $1,267.38 and its 200 day moving average is $1,274.21. The company has a market cap of $28.64 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $10.09 EPS. Research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

About Mettler-Toledo International

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.