Chevy Chase Trust Holdings LLC Sells 223 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,100 shares of the medical instruments supplier’s stock after selling 223 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of Mettler-Toledo International worth $16,911,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC acquired a new stake in Mettler-Toledo International during the first quarter worth about $25,000. Spartan Planning & Wealth Management bought a new position in Mettler-Toledo International in the fourth quarter valued at about $27,000. Bellevue Group AG acquired a new position in Mettler-Toledo International during the fourth quarter worth about $30,000. Mather Group LLC. bought a new position in shares of Mettler-Toledo International in the first quarter worth about $32,000. Finally, MCF Advisors LLC boosted its stake in shares of Mettler-Toledo International by 285.7% in the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated 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 owns 734 shares of the company’s stock, valued at $1,044,459.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction dated 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 of the company’s stock, valued at approximately $6,884,514. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

MTD traded down $3.86 during mid-day trading on Tuesday, reaching $1,430.93. 61,567 shares of the stock were exchanged, compared to its average volume of 142,551. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,546.93. The stock has a market capitalization of $30.56 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 4.06 and a beta of 1.17. The company has a 50 day moving average price of $1,407.11 and a two-hundred day moving average price of $1,343.49.

Mettler-Toledo International (NYSE:MTD) last announced its 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 firm had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.19 EPS. Sell-side analysts expect that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Stifel Nicolaus boosted their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Evercore ISI upped their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,343.75.

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.