Man Group plc Makes New $13.70 Million Investment in Mettler-Toledo International, Inc. $MTD

Man Group plc acquired a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,721 shares of the medical instruments supplier's stock, valued at approximately $13,696,000. Man Group plc owned approximately 0.05% of Mettler-Toledo International at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MTD. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the 1st quarter valued at $25,000. Reflection Asset Management bought a new position in shares of Mettler-Toledo International during the 4th quarter worth about $26,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International during the 2nd quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $29,000. Finally, DV Equities LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $40,000. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Trading Up 0.6%

Shares of Mettler-Toledo International stock opened at $1,407.20 on Friday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The stock has a market capitalization of $28.20 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23. The company has a 50-day simple moving average of $1,340.21 and a 200 day simple moving average of $1,274.17. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on MTD. Citigroup dropped their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a "buy" rating for the company in a research report on Friday, May 8th. Barclays lifted their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Jefferies Financial Group increased their target price 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, Wells Fargo & Company raised their target price on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $1,461.27.

Insider Activity

In related news, insider Gerry Keller sold 240 shares of the stock in a transaction that occurred on 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. This represents a 48.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the firm'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 sale, the chief financial officer directly owned 5,579 shares of the company's stock, valued at $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,312 shares of company stock worth $4,750,362. Insiders own 0.71% of the company's stock.

Mettler-Toledo International 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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