Sivik Global Healthcare LLC Buys Shares of 3,000 Mettler-Toledo International, Inc. $MTD

Key Points

• Sivik Global Healthcare acquired a new stake of 3,000 shares in Mettler-Toledo valued at approximately $4.18 million, making the stock 1.2% of Sivik’s portfolio and its 20th largest holding.
• Mettler-Toledo beat expectations last quarter with EPS of $13.36 versus $12.76 estimated and revenue of $1.13 billion (up 8.1% year-over-year), signaling solid underlying performance.
• Analyst sentiment is mixed-to-positive: the consensus rating is a “Moderate Buy” with a target price of $1,463.75, alongside recent upgrades from Jefferies, Bank of America and Wall Street Zen and a Morgan Stanley price-target reduction to $1,475.

Sivik Global Healthcare LLC acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the medical instruments supplier's stock, valued at approximately $4,183,000. Mettler-Toledo International accounts for 1.2% of Sivik Global Healthcare LLC's investment portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Mettler-Toledo International by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,591,173 shares of the medical instruments supplier's stock valued at $3,180,950,000 after purchasing an additional 34,466 shares during the last quarter. Capital International Investors raised its holdings in Mettler-Toledo International by 1.2% in the third quarter. Capital International Investors now owns 859,559 shares of the medical instruments supplier's stock valued at $1,055,203,000 after buying an additional 10,395 shares during the period. Alliancebernstein L.P. raised its holdings in Mettler-Toledo International by 10.7% in the third quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier's stock valued at $974,633,000 after buying an additional 76,478 shares during the period. Principal Financial Group Inc. raised its holdings in Mettler-Toledo International by 2.9% in the third quarter. Principal Financial Group Inc. now owns 298,429 shares of the medical instruments supplier's stock valued at $366,354,000 after buying an additional 8,360 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Mettler-Toledo International by 7.5% in the third quarter. Franklin Resources Inc. now owns 294,900 shares of the medical instruments supplier's stock valued at $362,022,000 after buying an additional 20,668 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MTD. Wall Street Zen raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Saturday, February 14th. Morgan Stanley reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 10th. The Goldman Sachs Group began coverage on shares of Mettler-Toledo International in a research note on Tuesday, December 9th. They set a "neutral" rating and a $1,475.00 target price for the company. Jefferies Financial Group raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating and boosted their target price for the company from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Finally, Bank of America upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,600.00 target price for the company in a research report on Monday, December 15th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,463.75.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 800 shares of the company's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the completion of the sale, the chief financial officer owned 5,288 shares in the company, valued at $7,456,714.56. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Up 0.2%

Shares of MTD opened at $1,269.09 on Wednesday. The firm has a 50-day moving average price of $1,305.47 and a 200 day moving average price of $1,364.36. The firm has a market capitalization of $25.70 billion, a PE ratio of 30.13, a P/E/G ratio of 2.64 and a beta of 1.43. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,525.17.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share for the quarter, beating the consensus estimate of $12.76 by $0.60. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.The company's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.41 earnings per share. On average, equities analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

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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