US Bancorp DE Has $9.98 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

US Bancorp DE cut its holdings in Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,610 shares of the medical instruments supplier’s stock after selling 242 shares during the quarter. US Bancorp DE’s holdings in Mettler-Toledo International were worth $9,982,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ancora Advisors LLC boosted its stake in Mettler-Toledo International by 100.0% in the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after buying an additional 10 shares in the last quarter. VitalStone Financial LLC acquired a new stake in Mettler-Toledo International in the first quarter valued at about $37,000. EverSource Wealth Advisors LLC boosted its stake in Mettler-Toledo International by 37.5% in the second quarter. EverSource Wealth Advisors LLC now owns 33 shares of the medical instruments supplier’s stock valued at $43,000 after buying an additional 9 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Mettler-Toledo International by 26.7% during the second quarter. Lindbrook Capital LLC now owns 38 shares of the medical instruments supplier’s stock valued at $50,000 after purchasing an additional 8 shares in the last quarter. Finally, CVA Family Office LLC boosted its stake in shares of Mettler-Toledo International by 69.6% during the fourth quarter. CVA Family Office LLC now owns 39 shares of the medical instruments supplier’s stock valued at $56,000 after purchasing an additional 16 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,049.05 on Friday. The company has a market cap of $22.74 billion, a P/E ratio of 26.74, a PEG ratio of 5.33 and a beta of 1.17. The stock has a 50 day simple moving average of $1,061.16 and a two-hundred day simple moving average of $1,214.00. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,615.97.

Mettler-Toledo International (NYSE:MTDGet Free Report) last issued its earnings results on Thursday, November 9th. The medical instruments supplier reported $9.80 earnings per share for the quarter, topping analysts’ consensus estimates of $9.63 by $0.17. The business had revenue of $942.46 million during the quarter, compared to the consensus estimate of $947.10 million. Mettler-Toledo International had a negative return on equity of 1,852.05% and a net margin of 22.24%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $10.18 earnings per share. On average, research analysts predict that Mettler-Toledo International Inc. will post 39.2 earnings per share for the current year.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Roland D. Diggelmann bought 315 shares of the stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $1,026.54 per share, for a total transaction of $323,360.10. Following the completion of the acquisition, the director now owns 405 shares in the company, valued at approximately $415,748.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MTD shares. Wells Fargo & Company cut their price target on Mettler-Toledo International from $1,520.00 to $1,300.00 and set an “overweight” rating on the stock in a research note on Monday, November 13th. JPMorgan Chase & Co. cut their price target on Mettler-Toledo International from $1,300.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Sunday. TheStreet lowered Mettler-Toledo International from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus lowered their price objective on Mettler-Toledo International from $1,425.00 to $1,270.00 and set a “buy” rating for the company in a research report on Monday, November 13th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,302.29.

View Our Latest Stock Analysis on Mettler-Toledo International

About Mettler-Toledo International

(Free Report)

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.

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

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