Scout Investments Inc. Sells 6,696 Shares of Mettler-Toledo International, Inc. (MTD)
Scout Investments Inc. lowered its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 15.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 37,976 shares of the medical instruments supplier’s stock after selling 6,696 shares during the period. Scout Investments Inc. owned approximately 0.15% of Mettler-Toledo International worth $22,350,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of MTD. Israel Discount Bank of New York acquired a new position in shares of Mettler-Toledo International during the first quarter valued at about $102,000. First Personal Financial Services boosted its position in shares of Mettler-Toledo International by 2.8% in the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after buying an additional 5 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares during the last quarter. TLP Group LLC acquired a new position in shares of Mettler-Toledo International during the first quarter valued at about $144,000. Finally, Penserra Capital Management LLC boosted its position in shares of Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.
Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 599.00 on Thursday. Mettler-Toledo International, Inc. has a 12-month low of $386.01 and a 12-month high of $618.13. The company has a market capitalization of $15.38 billion, a PE ratio of 36.83 and a beta of 1.13. The stock has a 50 day moving average of $589.44 and a 200-day moving average of $539.90.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the consensus estimate of $3.89 by $0.03. The business had revenue of $653.70 million for the quarter, compared to the consensus estimate of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $3.22 EPS. Analysts predict that Mettler-Toledo International, Inc. will post $17.39 earnings per share for the current fiscal year.
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Several brokerages have issued reports on MTD. BidaskClub upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 price target on the stock in a report on Wednesday, June 7th. Jefferies Group LLC restated a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a report on Thursday, July 27th. Finally, Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Mettler-Toledo International presently has an average rating of “Buy” and a consensus target price of $569.80.
In related news, insider Waldemar Rauch sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $595.91, for a total transaction of $655,501.00. Following the sale, the insider now directly owns 3,065 shares in the company, valued at approximately $1,826,464.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William P. Donnelly sold 2,845 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the sale, the insider now owns 2,345 shares in the company, valued at $1,352,877.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,728 shares of company stock worth $12,720,005. Company insiders own 5.20% of the company’s stock.
About Mettler-Toledo International
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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