Axa S.A. Has $15 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Axa S.A. lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,729 shares of the medical instruments supplier’s stock after selling 2,825 shares during the quarter. Axa S.A. owned 0.05% of Mettler-Toledo International worth $14,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MTD. PineStone Asset Management Inc. boosted its stake in Mettler-Toledo International by 127.4% in the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after buying an additional 145,453 shares in the last quarter. Capital International Investors boosted its stake in shares of Mettler-Toledo International by 15.1% in the 1st quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock valued at $1,431,696,000 after purchasing an additional 141,431 shares in the last quarter. Putnam Investments LLC grew its holdings in shares of Mettler-Toledo International by 2,561.7% during the 4th quarter. Putnam Investments LLC now owns 67,555 shares of the medical instruments supplier’s stock valued at $81,941,000 after purchasing an additional 65,017 shares during the last quarter. Point72 Asset Management L.P. increased its position in Mettler-Toledo International by 22,090.4% during the 4th quarter. Point72 Asset Management L.P. now owns 59,914 shares of the medical instruments supplier’s stock worth $72,673,000 after purchasing an additional 59,644 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Mettler-Toledo International by 88.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock valued at $163,290,000 after purchasing an additional 57,509 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,476.51 on Friday. The business has a 50-day moving average of $1,414.33 and a 200-day moving average of $1,378.57. The company has a market capitalization of $31.53 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 3.75 and a beta of 1.14. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The firm had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. During the same quarter in the previous year, the company earned $10.19 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. 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 note on Tuesday, July 9th. Evercore ISI upped their target price on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target on the stock. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,356.25.

Insider Activity at Mettler-Toledo International

In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were 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 in the company, valued at $6,884,514. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The disclosure for this sale can be found here. 1.94% of the stock is owned by company 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.