Pacer Advisors Inc. Decreases Holdings in Mettler-Toledo International, Inc. $MTD

Pacer Advisors Inc. trimmed its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 33.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,137 shares of the medical instruments supplier’s stock after selling 568 shares during the quarter. Pacer Advisors Inc.’s holdings in Mettler-Toledo International were worth $1,434,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Mettler-Toledo International in the first quarter worth about $26,372,000. M&T Bank Corp boosted its holdings in Mettler-Toledo International by 2,813.6% during the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock valued at $173,165,000 after acquiring an additional 119,942 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Mettler-Toledo International by 34.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after acquiring an additional 1,060 shares during the period. Strs Ohio grew its position in Mettler-Toledo International by 2,594.8% during the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock worth $18,672,000 after acquiring an additional 12,896 shares during the last quarter. Finally, KBC Group NV increased its stake in Mettler-Toledo International by 22.9% in the 4th quarter. KBC Group NV now owns 8,089 shares of the medical instruments supplier’s stock worth $11,278,000 after purchasing an additional 1,507 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of a number of analyst reports. Jefferies Financial Group increased their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Morgan Stanley lifted their target price on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Barclays increased their price target on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,461.27.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 2,240 shares of the 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 of the company’s stock, valued at $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 240 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was 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 of the company’s stock, valued at $369,629.26. This trade represents a 48.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,312 shares of company stock valued at $4,750,362 over the last three months. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,429.14 on Friday. The firm has a market capitalization of $28.64 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 2.94 and a beta of 1.23. The stock has a fifty day moving average of $1,267.38 and a 200 day moving average of $1,274.21. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. 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 (NYSE:MTD) last issued 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. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $10.09 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts expect that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

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.