Patron Partners LLC Purchases New Shares in Mettler-Toledo International, Inc. $MTD

Key Points

• Patron Partners LLC purchased 804 shares of Mettler-Toledo International worth approximately $1.03 million in the second quarter. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly EPS of $11.46, exceeding estimates of $10.78, while revenue rose 4.5% year over year to $1.03 billion.
• Analysts maintain a consensus “Hold” rating with a $1,461.27 price target; meanwhile, company insiders sold 3,312 shares valued at roughly $4.75 million over the past 90 days.

Patron Partners LLC bought a new stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 804 shares of the medical instruments supplier's stock, valued at approximately $1,027,000.

Several other large investors have also recently added to or reduced their stakes in MTD. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Mettler-Toledo International during the 1st quarter worth $26,372,000. Strs Ohio increased its holdings in shares of Mettler-Toledo International by 2,594.8% in the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier's stock valued at $18,672,000 after purchasing an additional 12,896 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Mettler-Toledo International by 34.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier's stock valued at $5,786,000 after purchasing an additional 1,060 shares during the period. Fifth Third Bancorp lifted its stake in shares of Mettler-Toledo International by 377.3% in the first quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier's stock valued at $5,272,000 after purchasing an additional 3,305 shares during the period. Finally, SEB Asset Management AB purchased a new stake in Mettler-Toledo International during the first quarter worth about $15,889,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 0.0%

Shares of NYSE:MTD opened at $1,393.43 on Friday. The company has a market capitalization of $27.92 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.87 and a beta of 1.23. The stock's fifty day simple moving average is $1,319.66 and its 200-day simple moving average is $1,274.32. 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 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 earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $10.09 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Insider Activity

In other Mettler-Toledo International 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 value of $600,650.97. Following the completion of the sale, the director directly owned 292 shares of the company's stock, valued at approximately $420,599.72. The trade was a 58.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International 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 completion of the sale, the insider directly owned 259 shares of the company's stock, valued at $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,312 shares of company stock valued at $4,750,362 over the last 90 days. Insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MTD shares. Wells Fargo & Company increased 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 report on Monday, August 3rd. Weiss Ratings raised Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 4th. Robert W. Baird decreased their price objective 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 report on Monday, May 11th. Stifel Nicolaus increased their price objective on shares of 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. Finally, Morgan Stanley lifted their target price 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 report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and a consensus price target of $1,461.27.

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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