UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Mettler-Toledo International, Inc. $MTD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,684 shares of the medical instruments supplier’s stock after selling 2,676 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.19% of Mettler-Toledo International worth $304,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mufg Securities Americas Inc. grew its holdings in Mettler-Toledo International by 8.4% in the 2nd quarter. Mufg Securities Americas Inc. now owns 609 shares of the medical instruments supplier’s stock valued at $778,000 after buying an additional 47 shares during the period. Nissay Asset Management Corp Japan lifted its holdings in shares of Mettler-Toledo International by 7.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 23,727 shares of the medical instruments supplier’s stock worth $30,311,000 after acquiring an additional 1,554 shares during the period. Wellington Management Group LLP boosted its position in shares of Mettler-Toledo International by 908.6% in the second quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier’s stock worth $586,459,000 after acquiring an additional 413,547 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the second quarter worth approximately $1,224,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Mettler-Toledo International in the second quarter valued at approximately $160,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTD has been the subject of several research analyst reports. Citigroup cut their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Wolfe Research began coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating for the company. JPMorgan Chase & Co. cut their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Finally, Jefferies Financial Group lifted their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,461.27.

Mettler-Toledo International Trading Up 0.5%

Shares of MTD stock opened at $1,405.98 on Tuesday. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23. 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 fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The firm’s 50 day moving average price is $1,350.11 and its two-hundred day moving average price is $1,274.33.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data 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 net margin of 21.91% and a negative return on equity of 1,212.14%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $10.09 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 240 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares in the company, valued at approximately $369,629.26. This represents a 48.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value 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 $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,254 shares of company stock valued at $6,092,712 in the last quarter. Company insiders own 0.71% of the company’s stock.

Mettler-Toledo International 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.