Crossmark Global Holdings Inc. Has $2.54 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Crossmark Global Holdings Inc. lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 8.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,820 shares of the medical instruments supplier’s stock after selling 175 shares during the period. Crossmark Global Holdings Inc.’s holdings in Mettler-Toledo International were worth $2,544,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MTD. International Assets Investment Management LLC lifted its stake in shares of Mettler-Toledo International by 109,458.1% in the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock valued at $82,392,000 after purchasing an additional 67,864 shares during the last quarter. Penobscot Investment Management Company Inc. lifted its stake in shares of Mettler-Toledo International by 26.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 315 shares of the medical instruments supplier’s stock valued at $382,000 after purchasing an additional 65 shares during the last quarter. Mission Wealth Management LP lifted its stake in shares of Mettler-Toledo International by 4.6% in the 4th quarter. Mission Wealth Management LP now owns 1,021 shares of the medical instruments supplier’s stock valued at $1,239,000 after purchasing an additional 45 shares during the last quarter. ICW Investment Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $205,000. Finally, First Trust Direct Indexing L.P. lifted its stake in shares of Mettler-Toledo International by 51.0% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,012 shares of the medical instruments supplier’s stock valued at $1,228,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD traded up $7.85 on Friday, hitting $1,439.08. 113,912 shares of the company were exchanged, compared to its average volume of 139,169. The company’s 50 day moving average price is $1,401.66 and its two-hundred day moving average price is $1,354.01. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The firm has a market capitalization of $30.73 billion, a price-to-earnings ratio of 40.36, a PEG ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 590.80%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.19 EPS. Research analysts predict that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

MTD has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of 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 target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company started coverage on shares of Mettler-Toledo International in a research report on Tuesday. They set an “equal weight” rating and a $1,400.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Finally, Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,356.25.

Insider Activity at Mettler-Toledo International

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

About Mettler-Toledo International

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.