Grandfield & Dodd LLC Takes Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Grandfield & Dodd LLC acquired 13,736 shares of Mettler-Toledo International worth approximately $17.5 million, while institutional investors collectively owned 95.07% of the company at quarter-end.
• Mettler-Toledo exceeded quarterly earnings expectations, reporting $11.46 in EPS versus the $10.78 consensus estimate, with revenue up 4.5% year over year to $1.03 billion.
• Analyst sentiment remains mixed, with six Buy and seven Hold ratings and a consensus price target of $1,461.27; the stock recently traded at $1,417.73. Meanwhile, insiders sold about $4.75 million of shares over the past three months.

Grandfield & Dodd LLC acquired a new position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,736 shares of the medical instruments supplier's stock, valued at approximately $17,548,000. Grandfield & Dodd LLC owned 0.07% of Mettler-Toledo International at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Mettler-Toledo International during the second quarter valued at about $2,404,713,000. Bank of New York Mellon Corp purchased a new stake in Mettler-Toledo International in the second quarter worth $762,553,000. Norges Bank bought a new position in shares of Mettler-Toledo International in the 4th quarter worth about $520,989,000. Deutsche Bank AG purchased a new position in shares of Mettler-Toledo International during the second quarter valued at approximately $168,042,000. Finally, M&T Bank Corp boosted its holdings in Mettler-Toledo International by 2,813.6% in the fourth quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier's stock worth $173,165,000 after acquiring an additional 119,942 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,417.73 on Tuesday. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The company has a market cap of $28.41 billion, a P/E ratio of 31.91, a PEG ratio of 2.92 and a beta of 1.23. 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 stock's 50-day moving average is $1,298.78 and its 200 day moving average is $1,273.11.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data 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. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter last year, the firm earned $10.09 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. Research analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, 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 value of $600,650.97. Following the completion of the transaction, the director owned 292 shares of the company's stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the firm's stock in a transaction that occurred 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 owned 5,579 shares in the company, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,312 shares of company stock worth $4,750,362 over the last three months. 0.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 4th. Weiss Ratings raised shares of Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a "peer perform" rating for the company. JPMorgan Chase & Co. decreased their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a "neutral" rating on the stock in a research report on Monday, May 11th. Finally, Stifel Nicolaus boosted their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Mettler-Toledo International has an average rating of "Hold" and a consensus target price of $1,461.27.

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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