AXQ Capital LP Increases Stock Position in Mettler-Toledo International, Inc. $MTD

Key Points

• AXQ Capital increased its Mettler-Toledo position by 91.3% in the second quarter, ending with 2,100 shares valued at approximately $2.68 million. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly EPS of $11.46, exceeding analyst expectations of $10.78, while revenue rose 4.5% year over year to $1.03 billion.
• Analyst sentiment remains mixed, with six Buy, eight Hold, and one Sell rating and a consensus price target of $1,445.31. Company insiders have sold roughly $6.09 million of stock over the past 90 days.

AXQ Capital LP boosted its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 91.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the medical instruments supplier's stock after acquiring an additional 1,002 shares during the quarter. AXQ Capital LP's holdings in Mettler-Toledo International were worth $2,683,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $25,000. Reflection Asset Management bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $29,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,357.19 on Friday. The firm has a market cap of $27.20 billion, a PE ratio of 30.55, a PEG ratio of 2.81 and a beta of 1.22. The stock has a 50 day moving average of $1,360.01 and a 200 day moving average of $1,274.24. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17.

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

Analyst Ratings Changes

MTD has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Royal Bank Of Canada assumed coverage on Mettler-Toledo International in a research report on Tuesday. They set a "sector perform" rating and a $1,515.00 price objective on the stock. Wolfe Research assumed coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They set a "peer perform" rating for the company. Jefferies Financial Group increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Rothschild & Co Redburn initiated coverage on shares of Mettler-Toledo International in a research note on Wednesday. They set a "sell" rating and a $1,200.00 target price on the stock. Six research 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $1,445.31.

Insiders Place Their Bets

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the completion of the sale, the chief financial officer directly owned 5,579 shares of the company's stock, valued at $7,989,128. The trade was a 28.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas P. Salice sold 417 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at $420,599.72. This represents a 58.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is currently owned by company insiders.

About Mettler-Toledo International

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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