Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,804 shares of the medical instruments supplier’s stock after selling 128 shares during the quarter. First Hawaiian Bank’s holdings in Mettler-Toledo International were worth $2,366,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. raised its holdings in Mettler-Toledo International by 72.7% in the 1st quarter. Ronald Blue Trust Inc. now owns 19 shares of the medical instruments supplier’s stock worth $28,000 after purchasing an additional 8 shares during the period. Ancora Advisors LLC boosted its stake in Mettler-Toledo International by 100.0% during the 1st quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock worth $31,000 after purchasing an additional 10 shares during the last quarter. VitalStone Financial LLC purchased a new stake in shares of Mettler-Toledo International during the first quarter worth $37,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $43,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Mettler-Toledo International by 57.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 30 shares of the medical instruments supplier’s stock worth $46,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,157.01 on Friday. The company’s fifty day moving average price is $1,244.03 and its 200 day moving average price is $1,357.73. Mettler-Toledo International Inc. has a 12 month low of $1,065.55 and a 12 month high of $1,615.97. The firm has a market capitalization of $25.29 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.92 and a beta of 1.15. The company has a debt-to-equity ratio of 76.98, a current ratio of 1.24 and a quick ratio of 0.84.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $10.19 earnings per share for the quarter, beating analysts’ consensus estimates of $9.99 by $0.20. Mettler-Toledo International had a net margin of 22.48% and a negative return on equity of 2,136.23%. The firm had revenue of $982.12 million for the quarter, compared to analyst estimates of $1 billion. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 40.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on MTD. Wells Fargo & Company cut their price objective on shares of Mettler-Toledo International from $1,660.00 to $1,520.00 and set an “overweight” rating for the company in a report on Monday, July 31st. TheStreet lowered shares of Mettler-Toledo International from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, Robert W. Baird cut their target price on Mettler-Toledo International from $1,454.00 to $1,366.00 in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $1,470.14.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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.