E. Ohman J or Asset Management AB Sells 10 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

E. Ohman J or Asset Management AB reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 1.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 890 shares of the medical instruments supplier’s stock after selling 10 shares during the period. E. Ohman J or Asset Management AB’s holdings in Mettler-Toledo International were worth $1,335,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in Mettler-Toledo International by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock worth $117,000 after buying an additional 7 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Mettler-Toledo International by 6.6% during the second quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock valued at $158,000 after purchasing an additional 7 shares in the last quarter. Bellevue Group AG increased its stake in shares of Mettler-Toledo International by 32.0% during the first quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock valued at $44,000 after purchasing an additional 8 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Mettler-Toledo International by 7.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock valued at $166,000 after purchasing an additional 8 shares in the last quarter. Finally, DT Investment Partners LLC increased its stake in shares of Mettler-Toledo International by 13.3% during the third quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock valued at $102,000 after purchasing an additional 8 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,292.77 on Friday. The company’s fifty day simple moving average is $1,418.52 and its 200-day simple moving average is $1,393.87. The stock has a market capitalization of $27.43 billion, a PE ratio of 35.57, a P/E/G ratio of 3.95 and a beta of 1.14. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, topping the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $10.19 EPS. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 40.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTD. Wells Fargo & Company began coverage on shares of Mettler-Toledo International in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. The Goldman Sachs Group raised their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,363.75.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.