B. Metzler seel. Sohn & Co. AG bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,096 shares of the medical instruments supplier's stock, valued at approximately $2,678,000.
Several other hedge funds also recently made changes to their positions in the company. Reflection Asset Management purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the 1st quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Mettler-Toledo International in the second quarter valued at about $26,000. Elyxium Wealth LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $29,000. Finally, DV Equities LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $40,000. 95.07% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a "peer perform" rating on the stock. Barclays increased their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an "overweight" rating in a report on Monday, August 3rd. Morgan Stanley lifted their price objective on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 4th. Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. decreased their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a "neutral" rating for the company in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $1,461.27.
Get Our Latest Research Report on MTD
Insider Transactions at Mettler-Toledo International
In related news, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction dated 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 of the company's stock, valued at $7,989,128. This trade represents a 28.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gerry Keller sold 240 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider directly owned 259 shares in the company, valued at $369,629.26. The trade was a 48.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,312 shares of company stock valued at $4,750,362 in the last three months. 0.71% of the stock is currently owned by company insiders.
Mettler-Toledo International Stock Up 0.0%
Shares of NYSE:MTD opened at $1,393.43 on Friday. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The firm has a market capitalization of $27.92 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.87 and a beta of 1.23. The stock has a 50 day moving average price of $1,319.66 and a 200-day moving average price of $1,274.32. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating analysts' consensus estimates of $10.78 by $0.68. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $10.09 EPS. As a group, equities research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.
Mettler-Toledo International Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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