Mettler-Toledo International, Inc. (MTD) Holdings Cut by Voya Investment Management LLC
Voya Investment Management LLC reduced its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,601 shares of the medical instruments supplier’s stock after selling 645 shares during the quarter. Voya Investment Management LLC owned 0.06% of Mettler-Toledo International worth $9,770,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services raised its stake in Mettler-Toledo International by 2.8% during the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after acquiring an additional 5 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in Mettler-Toledo International during the second quarter worth $118,000. CAPROCK Group Inc. acquired a new position in Mettler-Toledo International during the second quarter worth $205,000. Personal Capital Advisors Corp acquired a new position in Mettler-Toledo International during the second quarter worth $206,000. Finally, Conning Inc. acquired a new position in Mettler-Toledo International during the second quarter worth $206,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.
In other news, insider Simon Kirk sold 838 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $605.65, for a total transaction of $507,534.70. Following the completion of the transaction, the insider now owns 1,998 shares of the company’s stock, valued at approximately $1,210,088.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas P. Salice sold 890 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $611.00, for a total value of $543,790.00. Following the transaction, the director now directly owns 62,437 shares of the company’s stock, valued at approximately $38,149,007. The disclosure for this sale can be found here. Insiders have sold a total of 27,356 shares of company stock valued at $16,150,829 in the last three months. 5.20% of the stock is owned by insiders.
Several research analysts have issued reports on MTD shares. Jefferies Group LLC reiterated a “hold” rating and set a $550.00 price objective on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $690.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $589.33.
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Shares of Mettler-Toledo International, Inc. (NYSE MTD) opened at 645.76 on Friday. The company has a market cap of $16.58 billion, a PE ratio of 39.71 and a beta of 1.11. Mettler-Toledo International, Inc. has a one year low of $395.61 and a one year high of $647.97. The stock’s 50 day moving average price is $616.52 and its 200 day moving average price is $570.40.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. During the same quarter in the previous year, the firm earned $3.22 EPS. Mettler-Toledo International’s revenue was up 7.5% on a year-over-year basis. Equities analysts predict that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current fiscal year.
Mettler-Toledo International Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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