OMERS ADMINISTRATION Corp Makes New Investment in Mettler-Toledo International, Inc. $MTD

Key Points

• OMERS Administration Corp. opened a new position in Mettler-Toledo International during the second quarter, purchasing 3,573 shares valued at approximately $4.6 million. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly earnings of $11.46 per share, beating estimates of $10.78, while revenue reached $1.03 billion and increased 4.5% year over year.
• The stock opened at $1,399.02, near its 52-week high, but analysts maintain a consensus “Hold” rating with an average price target of $1,461.27; insiders have sold more than $4.75 million in shares over the past three months.

OMERS ADMINISTRATION Corp purchased 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 filing with the Securities and Exchange Commission. The firm purchased 3,573 shares of the medical instruments supplier's stock, valued at approximately $4,565,000.

Other hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the 1st quarter worth $25,000. Reflection Asset Management purchased a new position in Mettler-Toledo International during the fourth quarter valued at $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International during the second quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in Mettler-Toledo International during the fourth quarter valued at about $29,000. Finally, Root Financial Partners LLC increased its position in Mettler-Toledo International by 45.5% in the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier's stock worth $40,000 after buying an additional 10 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,399.02 on Tuesday. The business's 50-day simple moving average is $1,324.55 and its two-hundred day simple moving average is $1,273.73. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The stock has a market cap of $28.04 billion, a PE ratio of 31.49, a P/E/G ratio of 2.87 and a beta of 1.23. 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 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 analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $10.09 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MTD shares. Citigroup decreased their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a "buy" rating on the stock in a research note on Friday, May 8th. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. 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. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a "neutral" rating on the stock in a research note on Monday, May 11th. Finally, Barclays lifted their price target on shares of 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. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on 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 news, Director Thomas P. Salice sold 417 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director owned 292 shares in the company, valued at $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gerry Keller sold 240 shares of the business's stock in a transaction 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 completion of the transaction, the insider directly owned 259 shares in the company, valued at $369,629.26. This trade represents a 48.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,312 shares of company stock valued at $4,750,362. Corporate 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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