Nisa Investment Advisors LLC Sells 52 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Nisa Investment Advisors LLC lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,102 shares of the medical instruments supplier’s stock after selling 52 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mettler-Toledo International were worth $12,721,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Mettler-Toledo International by 8.0% during the first quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock worth $117,000 after purchasing an additional 7 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in shares of Mettler-Toledo International by 0.4% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,813 shares of the medical instruments supplier’s stock worth $2,413,000 after buying an additional 8 shares during the last quarter. Bellevue Group AG raised its position in shares of Mettler-Toledo International by 32.0% during the 1st quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock valued at $44,000 after buying an additional 8 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Mettler-Toledo International by 7.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock worth $166,000 after acquiring an additional 8 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its position in Mettler-Toledo International by 1.2% in the first quarter. Wealthspire Advisors LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,008,000 after acquiring an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Shawn Vadala sold 250 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was 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. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price target on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. The Goldman Sachs Group upped their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Citigroup increased their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research report on Monday, May 13th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Finally, Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,343.75.

Mettler-Toledo International Price Performance

MTD traded up $9.62 during midday trading on Monday, reaching $1,427.20. 29,601 shares of the company’s stock traded hands, compared to its average volume of 142,820. The stock has a market capitalization of $30.48 billion, a price-to-earnings ratio of 39.93, a P/E/G ratio of 4.06 and a beta of 1.17. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,546.93. The firm has a fifty day moving average of $1,407.29 and a two-hundred day moving average of $1,342.01.

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, beating the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 590.80%. The business had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter in the previous year, the business posted $10.19 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 40.13 EPS for the current year.

Mettler-Toledo International 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.