Truist Financial Corp Lowers Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Truist Financial Corp reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 7.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,595 shares of the medical instruments supplier’s stock after selling 583 shares during the period. Truist Financial Corp’s holdings in Mettler-Toledo International were worth $10,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. FFT Wealth Management LLC acquired a new position in shares of Mettler-Toledo International in the second quarter worth $32,000. Maverick Capital Ltd. increased its stake in Mettler-Toledo International by 82.4% during the second quarter. Maverick Capital Ltd. now owns 31 shares of the medical instruments supplier’s stock worth $43,000 after acquiring an additional 14 shares during the last quarter. Key Financial Inc increased its stake in Mettler-Toledo International by 210.0% during the third quarter. Key Financial Inc now owns 31 shares of the medical instruments supplier’s stock worth $43,000 after acquiring an additional 21 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Mettler-Toledo International by 29.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 48 shares of the medical instruments supplier’s stock worth $67,000 after acquiring an additional 11 shares during the last quarter. Finally, PFG Private Wealth Management LLC purchased a new stake in shares of Mettler-Toledo International in the third quarter worth about $79,000. Hedge funds and other institutional investors own 92.27% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,552.00 target price on the stock in a report on Tuesday, September 28th. Robert W. Baird raised their target price on Mettler-Toledo International from $1,455.00 to $1,531.00 and gave the company a “neutral” rating in a research report on Monday, November 8th. They noted that the move was a valuation call.

In other Mettler-Toledo International news, Director Olivier A. Filliol sold 8,000 shares of the stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $1,546.57, for a total value of $12,372,560.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 1,100 shares of the stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $1,548.00, for a total transaction of $1,702,800.00. The disclosure for this sale can be found here. Insiders sold 24,826 shares of company stock valued at $38,251,715 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Shares of NYSE:MTD opened at $1,542.39 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.86 and a debt-to-equity ratio of 10.30. Mettler-Toledo International Inc. has a 1 year low of $1,033.40 and a 1 year high of $1,714.75. The business has a fifty day simple moving average of $1,563.45 and a 200 day simple moving average of $1,505.96. The firm has a market cap of $35.46 billion, a price-to-earnings ratio of 48.34, a P/E/G ratio of 2.38 and a beta of 1.05.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 4th. The medical instruments supplier reported $8.72 EPS for the quarter, topping analysts’ consensus estimates of $8.28 by $0.44. Mettler-Toledo International had a return on equity of 369.24% and a net margin of 20.85%. The business had revenue of $951.95 million for the quarter, compared to analyst estimates of $931.63 million. During the same period in the previous year, the company posted $7.02 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 33.42 EPS for the current year.

About Mettler-Toledo International

Mettler-Toledo International, Inc is a supplier of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and also, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.

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