Hsbc Holdings PLC Has $108.87 Million Holdings in Mettler-Toledo International, Inc. $MTD

Key Points

• HSBC Holdings reduced its Mettler-Toledo stake by 7.8%, selling 7,172 shares and retaining 85,243 shares valued at approximately $108.9 million. Institutional investors collectively own 95.07% of the company.
• Analyst sentiment is mixed: six analysts rate the stock a Buy, eight rate it Hold and one rates it Sell, resulting in an overall Hold consensus and an average price target of $1,445.31.
• Mettler-Toledo exceeded quarterly earnings expectations, reporting EPS of $11.46 versus the $10.78 consensus and revenue of $1.03 billion, up 4.5% year over year. Meanwhile, the CEO and CFO sold shares, contributing to $6.1 million in insider sales during the quarter.

Hsbc Holdings PLC reduced its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,243 shares of the medical instruments supplier's stock after selling 7,172 shares during the quarter. Hsbc Holdings PLC owned 0.43% of Mettler-Toledo International worth $108,871,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the first quarter worth about $25,000. Reflection Asset Management bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International in the second quarter valued at about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International in the 4th quarter valued at approximately $29,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Mettler-Toledo International in the second quarter worth $32,000. Institutional investors own 95.07% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MTD. Robert W. Baird dropped their price target on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a "neutral" rating on the stock in a research report on Monday, May 11th. Rothschild & Co Redburn initiated coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 2nd. They set a "sell" rating and a $1,200.00 price target on the stock. Stifel Nicolaus increased their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Royal Bank Of Canada began coverage on shares of Mettler-Toledo International in a research note on Tuesday, September 1st. They issued a "sector perform" rating and a $1,515.00 target price for the company. Finally, Barclays raised their price target on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $1,445.31.

Mettler-Toledo International Trading Down 0.0%

MTD opened at $1,344.87 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The stock has a market capitalization of $26.95 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 2.70 and a beta of 1.22. The company has a 50-day simple moving average of $1,361.63 and a 200 day simple moving average of $1,274.11. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.78 by $0.68. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $10.09 earnings per share. Analysts predict that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 2,240 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the transaction, the chief financial officer directly owned 5,579 shares in the company, valued at $7,989,128. This represents a 28.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick Kaltenbach sold 942 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the sale, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. The trade was a 17.37% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 4,254 shares of company stock valued at $6,092,712. 0.71% of the stock is currently owned by company insiders.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company's product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

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