Stevens Capital Management LP Takes Position in Mettler-Toledo International, Inc. (NYSE:MTD)

Key Points

• Stevens Capital Management LP has purchased a new stake in Mettler-Toledo International, acquiring 270 shares worth approximately $319,000 in the first quarter.
• Mettler-Toledo International's recent earnings report showed an EPS of $8.19, exceeding estimates, but revenue was down 4.6% year-over-year.
• The stock currently has a market capitalization of $26.27 billion and institutional investors own 95.07% of its shares.

Stevens Capital Management LP purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 270 shares of the medical instruments supplier's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at $44,000. Golden State Wealth Management LLC boosted its stake in shares of Mettler-Toledo International by 583.3% in the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after buying an additional 35 shares during the last quarter. Menard Financial Group LLC purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth about $67,000. Blue Trust Inc. raised its holdings in Mettler-Toledo International by 520.0% in the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock worth $73,000 after purchasing an additional 52 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Mettler-Toledo International by 39.1% in the 1st quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock worth $103,000 after purchasing an additional 25 shares during the period. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD traded up $3.66 during midday trading on Wednesday, reaching $1,269.76. 31,366 shares of the stock were exchanged, compared to its average volume of 173,959. The business's 50-day moving average price is $1,187.29 and its 200 day moving average price is $1,194.11. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The company has a market capitalization of $26.39 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 3.88 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.90 by $0.29. The company had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.89 EPS. As a group, equities research analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the sale, the director directly owned 120 shares in the company, valued at $139,191.60. This represents a 89.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MTD shares. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Evercore ISI increased their price target on Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their price objective for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1,298.50.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.