Southeast Asset Advisors Trimmed Its Position in Mettler Toledo International (MTD) by $494,581 as Stock Declined; As Verizon Communications (VZ) Share Price Declined, Schafer Cullen Capital Management Lowered Position by $5.52 Million

May 20, 2018 - By Ash

Mettler-Toledo International Inc. (NYSE:MTD) Logo

Schafer Cullen Capital Management Inc decreased its stake in Verizon Communications Inc. (VZ) by 18.76% based on its latest 2017Q4 regulatory filing with the SEC. Schafer Cullen Capital Management Inc sold 106,118 shares as the company’s stock declined 11.05% with the market. The hedge fund held 459,564 shares of the telecommunications equipment company at the end of 2017Q4, valued at $24.33M, down from 565,682 at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Verizon Communications Inc. for a number of months, seems to be less bullish one the $197.26B market cap company. The stock decreased 0.23% or $0.11 during the last trading session, reaching $47.74. About 11.38 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 20, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Southeast Asset Advisors Inc decreased its stake in Mettler Toledo International (MTD) by 49.26% based on its latest 2017Q4 regulatory filing with the SEC. Southeast Asset Advisors Inc sold 799 shares as the company’s stock declined 6.76% with the market. The institutional investor held 823 shares of the capital goods company at the end of 2017Q4, valued at $510,000, down from 1,622 at the end of the previous reported quarter. Southeast Asset Advisors Inc who had been investing in Mettler Toledo International for a number of months, seems to be less bullish one the $14.56B market cap company. The stock increased 1.97% or $11.09 during the last trading session, reaching $573.19. About 253,502 shares traded or 33.37% up from the average. Mettler-Toledo International Inc. (NYSE:MTD) has risen 19.68% since May 20, 2017 and is uptrending. It has outperformed by 8.13% the S&P500.

Analysts await Mettler-Toledo International Inc. (NYSE:MTD) to report earnings on July, 26. They expect $4.59 EPS, up 17.09% or $0.67 from last year’s $3.92 per share. MTD’s profit will be $116.55 million for 31.22 P/E if the $4.59 EPS becomes a reality. After $3.74 actual EPS reported by Mettler-Toledo International Inc. for the previous quarter, Wall Street now forecasts 22.73% EPS growth.

Southeast Asset Advisors Inc, which manages about $1.76B and $330.49M US Long portfolio, upped its stake in Centurylink Inc (NYSE:CTL) by 763,307 shares to 774,780 shares, valued at $12.92M in 2017Q4, according to the filing. It also increased its holding in Cincinnati Finl Corp (NASDAQ:CINF) by 7,190 shares in the quarter, for a total of 17,740 shares, and has risen its stake in Welbilt Inc.

Since February 12, 2018, it had 0 insider purchases, and 13 insider sales for $25.48 million activity. Shares for $1.28 million were sold by SPOERRY ROBERT F. Another trade for 2,000 shares valued at $1.26M was made by de la Guerroniere Marc on Thursday, February 15. $386,698 worth of stock was sold by CONTINO FRANCIS A on Thursday, February 22. Rauch Waldemar also sold $2.76M worth of Mettler-Toledo International Inc. (NYSE:MTD) shares. 3,000 shares valued at $1.77 million were sold by Heidingsfelder Michael on Friday, March 2. Another trade for 300 shares valued at $181,560 was sold by Vadala Shawn.

More news for Mettler-Toledo International Inc. (NYSE:MTD) were recently published by: Seekingalpha.com, which released: “Mettler-Toledo International (MTD) Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Seekingalpha.com‘s article titled: “Mettler Toledo: Still Not Attractive Enough” and published on May 08, 2018 is yet another important article.

Among 11 analysts covering Mettler-toledo International Inc. (NYSE:MTD), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Mettler-toledo International Inc. had 30 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, February 9. The rating was maintained by Robert W. Baird on Friday, February 9 with “Hold”. The rating was maintained by Jefferies with “Hold” on Thursday, August 31. The firm has “Hold” rating by Jefferies given on Friday, October 20. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, October 6. The rating was maintained by Jefferies on Tuesday, June 20 with “Hold”. The stock of Mettler-Toledo International Inc. (NYSE:MTD) earned “Neutral” rating by Bank of America on Thursday, September 10. The firm earned “Outperform” rating on Thursday, July 13 by Wells Fargo. The stock of Mettler-Toledo International Inc. (NYSE:MTD) earned “Hold” rating by Barclays Capital on Thursday, January 4. The company was maintained on Friday, May 4 by Deutsche Bank.

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.14, from 0.84 in 2017Q3. It is positive, as 21 investors sold MTD shares while 179 reduced holdings. 58 funds opened positions while 137 raised stakes. 22.21 million shares or 0.20% less from 22.26 million shares in 2017Q3 were reported. Rhumbline Advisers accumulated 66,480 shares. State Of Alaska Department Of Revenue has invested 0.07% in Mettler-Toledo International Inc. (NYSE:MTD). Perigon Wealth Mngmt Limited Company invested in 0.01% or 26 shares. Navellier And Assoc invested 0.82% in Mettler-Toledo International Inc. (NYSE:MTD). Friess Ltd Liability Corp holds 1.49% or 29,000 shares. Wespac Advisors Ltd Com invested 0.41% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD). Eads Heald Invest Counsel reported 1,110 shares. Riverhead Cap Mgmt Llc holds 0.17% or 6,449 shares in its portfolio. Apg Asset Mngmt Nv stated it has 0.06% in Mettler-Toledo International Inc. (NYSE:MTD). Baldwin Inv Mngmt Limited holds 0.99% or 4,485 shares in its portfolio. Gulf Bankshares (Uk) has invested 0.06% in Mettler-Toledo International Inc. (NYSE:MTD). 20 were reported by Brandywine Global Invest Mgmt Ltd Com. Drw accumulated 360 shares or 0.02% of the stock. Private Tru Commerce Na accumulated 0.16% or 1,247 shares. Mitchell Management Com reported 11,053 shares.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Fool.com which released: “Verizon’s Oath Hurls a Squirrel at Facebook” on May 14, 2018, also Fool.com with their article: “Verizon Aims to Be Much More Than a Phone Company” published on May 10, 2018, Seekingalpha.com published: “Verizon Might Start Heading Higher” on April 24, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “Verizon collapses key network elements, improving efficiency and customer functionality” published on April 30, 2018 as well as Benzinga.com‘s news article titled: “JPMorgan: Verizon On ‘Stable Footing’ As 5G Opportunity Crystallizes” with publication date: May 11, 2018.

Schafer Cullen Capital Management Inc, which manages about $10.62B and $8.60B US Long portfolio, upped its stake in Eaton Corp. Plc (Adr) (NYSE:ETN) by 6,483 shares to 320,142 shares, valued at $25.29M in 2017Q4, according to the filing. It also increased its holding in Advanced Semiconductor Enginee (NYSE:ASX) by 4.06M shares in the quarter, for a total of 14.06 million shares, and has risen its stake in Nn Group Nv (Adr).

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.14, from 0.88 in 2017Q3. It increased, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Ontario Teachers Pension Plan Board has 0.21% invested in Verizon Communications Inc. (NYSE:VZ). Chevy Chase Tru Inc invested in 4.59M shares. Daiwa Securities has invested 0.06% in Verizon Communications Inc. (NYSE:VZ). Cibc Asset Mgmt Inc invested in 0.16% or 510,075 shares. Eaton Vance Mngmt, a Massachusetts-based fund reported 5.86 million shares. Miracle Mile Advsr Lc reported 6,824 shares. Osborne Cap Lc holds 0.17% or 24,079 shares in its portfolio. X Mngmt Limited Liability holds 198,926 shares. Moreover, Bailard has 0.18% invested in Verizon Communications Inc. (NYSE:VZ) for 54,021 shares. Berkshire Asset Management Limited Liability Company Pa invested in 0.12% or 22,546 shares. First Commonwealth Corporation Pa, a Pennsylvania-based fund reported 24,324 shares. Rench Wealth Management, Texas-based fund reported 114,551 shares. Sumitomo Mitsui Inc owns 12.39M shares for 0.85% of their portfolio. Gw Henssler Associates Ltd has 45,701 shares. Ing Groep Nv has invested 0.27% in Verizon Communications Inc. (NYSE:VZ).

Since February 13, 2018, it had 0 insider buys, and 2 selling transactions for $444,552 activity.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Sector Outperform” rating on Wednesday, October 21 by Scotia Capital. The firm has “Perform” rating by Oppenheimer given on Wednesday, July 20. On Friday, April 21 the stock rating was downgraded by Argus Research to “Hold”. As per Friday, April 1, the company rating was downgraded by Moffet Nathanson. As per Wednesday, January 25, the company rating was downgraded by RBC Capital Markets. The firm has “Buy” rating by J.P. Morgan given on Friday, May 11. RBC Capital Markets maintained it with “Outperform” rating and $48 target in Wednesday, September 30 report. The rating was downgraded by Vetr to “Buy” on Tuesday, August 11. The rating was downgraded by Jefferies to “Hold” on Thursday, April 7. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, July 31.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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