Railway Pension Investments Ltd lifted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 327.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,850 shares of the medical instruments supplier's stock after acquiring an additional 8,310 shares during the period. Railway Pension Investments Ltd owned 0.05% of Mettler-Toledo International worth $13,861,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the 1st quarter worth about $25,000. Reflection Asset Management acquired a new position in Mettler-Toledo International in the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Mettler-Toledo International in the second quarter worth $26,000. Elyxium Wealth LLC bought a new stake in Mettler-Toledo International during the fourth quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the second quarter worth $32,000. 95.07% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Mettler-Toledo International
In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was 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 owned 5,579 shares in the company, valued at approximately $7,989,128. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick Kaltenbach sold 942 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the transaction, the chief executive officer directly owned 4,480 shares of the company's stock, valued at approximately $6,384,000. The trade was a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,254 shares of company stock valued at $6,092,712 over the last ninety days. Insiders own 0.71% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Wolfe Research started coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a "peer perform" rating on the stock. Wells Fargo & Company upped their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an "equal weight" rating in a research report on Monday, August 3rd. Jefferies Financial Group upped their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a "buy" rating in a report on Friday, July 31st. 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 research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of "Hold" and a consensus target price of $1,461.27.
Get Our Latest Stock Report on MTD
Mettler-Toledo International Stock Up 0.5%
Shares of NYSE:MTD opened at $1,405.98 on Tuesday. The company has a market capitalization of $28.18 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The company has a fifty day moving average of $1,350.11 and a 200-day moving average of $1,274.33. 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 posted its quarterly 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 business had revenue of $1.03 billion for 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% on a year-over-year basis. During the same period in the prior year, the business earned $10.09 EPS. On average, equities analysts predict 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.
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