Hsbc Holdings PLC Has $108.87 Million Position in Mettler-Toledo International, Inc. $MTD

Hsbc Holdings PLC lowered its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,243 shares of the medical instruments supplier’s stock after selling 7,172 shares during the period. Hsbc Holdings PLC’s holdings in Mettler-Toledo International were worth $108,871,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the 1st quarter valued at about $25,000. Reflection Asset Management bought a new stake in Mettler-Toledo International during the fourth quarter worth $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in Mettler-Toledo International in the 4th quarter valued at about $29,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the second quarter valued at approximately $32,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Down 0.0%

NYSE:MTD opened at $1,344.87 on Monday. The firm has a market capitalization of $26.95 billion, a P/E ratio of 30.27, a P/E/G ratio of 2.70 and a beta of 1.22. The company has a fifty day moving average of $1,361.63 and a 200 day moving average of $1,274.11. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned $10.09 earnings per share. Mettler-Toledo International’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider directly owned 259 shares in the company, valued at $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the sale, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 4,254 shares of company stock valued at $6,092,712. 0.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MTD. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Royal Bank Of Canada began coverage on Mettler-Toledo International in a research report on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 price target on the stock. Morgan Stanley upped their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Stifel Nicolaus raised their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Rothschild & Co Redburn began coverage on Mettler-Toledo International in a research report on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,445.31.

Mettler-Toledo International Company Profile

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.