Bamco Inc. NY Makes New Investment in Mettler-Toledo International, Inc. $MTD

Key Points

• Bamco Inc. NY acquired 138,464 shares of Mettler-Toledo International in the second quarter, worth approximately $176.9 million and representing about 0.69% of the company. Institutional investors collectively own 95.07% of MTD.
• Mettler-Toledo reported quarterly earnings of $11.46 per share, 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 and seven Hold ratings producing a consensus Hold rating and a $1,461.27 price target. Meanwhile, insiders sold more than $4.75 million of shares over the past 90 days.

Bamco Inc. NY bought a new stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 138,464 shares of the medical instruments supplier's stock, valued at approximately $176,889,000. Bamco Inc. NY owned approximately 0.69% of Mettler-Toledo International as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. XXEC Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $77,044,000. BlackRock Inc. bought a new position in Mettler-Toledo International during the second quarter worth $2,404,713,000. Bank of New York Mellon Corp acquired a new position in Mettler-Toledo International in the second quarter worth $762,553,000. Norges Bank bought a new stake in Mettler-Toledo International during the fourth quarter valued at $520,989,000. Finally, Bank of America Corp DE acquired a new stake in shares of Mettler-Toledo International during the second quarter worth $240,817,000. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,401.16 on Thursday. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The firm has a market capitalization of $28.08 billion, a PE ratio of 31.54, a P/E/G ratio of 2.88 and a beta of 1.23. The company's 50 day simple moving average is $1,334.97 and its 200 day simple moving average is $1,273.95.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping analysts' consensus estimates of $10.78 by $0.68. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $10.09 earnings per share. As a group, equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 4th. Wolfe Research started coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They set a "peer perform" rating for the company. Weiss Ratings upgraded Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 4th. Jefferies Financial Group raised their price target on 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, Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,461.27.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the transaction, the insider owned 259 shares in the company, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the company's stock in a transaction on 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,312 shares of company stock worth $4,750,362 in the last ninety days. 0.71% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Company 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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