Greenleaf Trust Has $816,000 Position in Mettler-Toledo International Inc. (NYSE:MTD)

Greenleaf Trust lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 710 shares of the medical instruments supplier’s stock after selling 27 shares during the quarter. Greenleaf Trust’s holdings in Mettler-Toledo International were worth $816,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Bartlett & Co. LLC acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at $25,000. Allworth Financial LP acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at $29,000. San Luis Wealth Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter valued at $59,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at $48,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 93.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MTD. StockNews.com began coverage on Mettler-Toledo International in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Stifel Nicolaus raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,500.00 target price for the company in a research report on Tuesday, September 6th. Robert W. Baird lowered their target price on Mettler-Toledo International from $1,406.00 to $1,284.00 in a research report on Friday, November 4th. The Goldman Sachs Group raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $1,120.00 to $1,355.00 in a research report on Tuesday, November 8th. Finally, TheStreet lowered Mettler-Toledo International from a “b” rating to a “c+” rating in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,357.20.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,441.32 on Thursday. The stock has a 50-day moving average price of $1,232.02 and a 200-day moving average price of $1,237.31. Mettler-Toledo International Inc. has a 1-year low of $1,065.55 and a 1-year high of $1,714.75. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 250.82. The firm has a market cap of $32.13 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 3.03 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTDGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The medical instruments supplier reported $10.18 earnings per share for the quarter, topping the consensus estimate of $9.83 by $0.35. Mettler-Toledo International had a return on equity of 1,929.28% and a net margin of 21.48%. The firm had revenue of $985.80 million during the quarter, compared to analyst estimates of $973.68 million. During the same period last year, the company posted $8.72 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 39.02 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, Director Olivier A. Filliol sold 374 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $1,314.05, for a total value of $491,454.70. Following the completion of the sale, the director now directly owns 30 shares of the company’s stock, valued at approximately $39,421.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Olivier A. Filliol sold 374 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $1,314.05, for a total value of $491,454.70. Following the completion of the sale, the director now directly owns 30 shares of the company’s stock, valued at approximately $39,421.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elisha W. Finney sold 225 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $1,484.34, for a total value of $333,976.50. Following the completion of the sale, the director now directly owns 267 shares of the company’s stock, valued at $396,318.78. The disclosure for this sale can be found here. Insiders sold 20,747 shares of company stock valued at $28,684,230 in the last three months. Corporate insiders own 2.80% of the company’s stock.

Mettler-Toledo International Company Profile

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

Further Reading

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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