Mettler-Toledo International, Inc. $MTD Shares Sold by Seilern Investment Management Ltd

Seilern Investment Management Ltd lessened its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,459 shares of the medical instruments supplier’s stock after selling 598 shares during the period. Mettler-Toledo International accounts for 3.9% of Seilern Investment Management Ltd’s holdings, making the stock its 14th biggest position. Seilern Investment Management Ltd’s holdings in Mettler-Toledo International were worth $30,913,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTD. Baldwin Wealth Partners LLC MA bought a new position in shares of Mettler-Toledo International in the third quarter worth about $230,000. Wedmont Private Capital bought a new position in shares of Mettler-Toledo International during the 3rd quarter valued at approximately $457,000. GAMMA Investing LLC increased its holdings in Mettler-Toledo International by 6.9% in the 3rd quarter. GAMMA Investing LLC now owns 647 shares of the medical instruments supplier’s stock worth $978,000 after acquiring an additional 42 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Mettler-Toledo International by 32.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 150 shares of the medical instruments supplier’s stock worth $227,000 after acquiring an additional 37 shares in the last quarter. Finally, Plan A Wealth LLC raised its stake in Mettler-Toledo International by 1.9% during the 3rd quarter. Plan A Wealth LLC now owns 373 shares of the medical instruments supplier’s stock worth $564,000 after acquiring an additional 7 shares during the period. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

MTD stock traded up $21.41 during midday trading on Tuesday, hitting $1,584.42. The company’s stock had a trading volume of 76,355 shares, compared to its average volume of 181,214. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,587.74. 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 firm has a market capitalization of $31.75 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 3.10 and a beta of 1.19. The company has a 50 day moving average of $1,427.15 and a two-hundred day moving average of $1,304.23.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) 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 revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $10.09 EPS. On average, analysts expect that Mettler-Toledo International, Inc. will post 47.37 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada started coverage on shares of Mettler-Toledo International in a research report on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 price target for the company. Morgan Stanley raised their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the company an “equal weight” rating in a research report on Tuesday. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 8th. Rothschild & Co Redburn initiated coverage on shares of Mettler-Toledo International in a research note on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 target price on the stock. Finally, Barclays upped their target price on shares of Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1,469.15.

Insider Activity at Mettler-Toledo International

In related news, CEO Patrick Kaltenbach sold 942 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the transaction, the chief executive officer directly owned 4,480 shares of the company’s stock, valued at approximately $6,384,000. This trade represents a 17.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider owned 259 shares in the company, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,254 shares of company stock worth $6,092,712 in the last three months. Insiders own 0.71% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer of precision instruments and related services used in laboratory, industrial, food processing, pharmaceutical and retail applications. The company’s solutions help customers measure, analyze, inspect and control materials and products throughout research, manufacturing and distribution processes.

Its product portfolio includes laboratory balances and scales, analytical instruments, automated chemistry systems, titrators, density and refractometry equipment, process analytics, industrial weighing systems, product inspection technologies and retail weighing and labeling solutions.