Angeles Wealth Management LLC Sells 76 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Angeles Wealth Management LLC reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 33.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153 shares of the medical instruments supplier’s stock after selling 76 shares during the period. Angeles Wealth Management LLC’s holdings in Mettler-Toledo International were worth $229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Family Firm Inc. bought a new stake in Mettler-Toledo International during the 2nd quarter valued at $25,000. Blue Trust Inc. raised its position in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter worth $42,000. Itau Unibanco Holding S.A. purchased a new position in Mettler-Toledo International in the second quarter valued at about $42,000. Finally, Crewe Advisors LLC raised its holdings in Mettler-Toledo International by 244.4% in the second quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock worth $43,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of analyst reports. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus upped 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 note on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI upped their target price on 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. Finally, The Goldman Sachs Group lifted their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,363.75.

Mettler-Toledo International Stock Up 3.9 %

MTD stock opened at $1,342.09 on Monday. Mettler-Toledo International Inc. has a 52-week low of $953.28 and a 52-week high of $1,546.93. The firm has a market cap of $28.48 billion, a P/E ratio of 36.93, a PEG ratio of 3.78 and a beta of 1.16. The company’s 50-day simple moving average is $1,403.38 and its 200-day simple moving average is $1,396.81.

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

Insider Activity

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

About Mettler-Toledo International

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.