United Capital Financial Advisors LLC Takes $1.28 Million Position in Mettler-Toledo International, Inc. $MTD

Key Points

• United Capital Financial Advisors purchased 1,003 shares of Mettler-Toledo International worth approximately $1.28 million. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly EPS of $11.46, exceeding estimates by $0.68, while revenue rose 4.5% year over year to $1.03 billion.
• Analyst sentiment remains mixed, with six Buy and seven Hold ratings and an average price target of $1,461.27; insiders sold about $4.75 million of stock over the past 90 days.

United Capital Financial Advisors LLC purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,003 shares of the medical instruments supplier's stock, valued at approximately $1,281,000.

A number of other large investors also recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new position in Mettler-Toledo International in the 2nd quarter valued at $1,283,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Mettler-Toledo International during the second quarter valued at $7,991,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Mettler-Toledo International during the second quarter valued at $606,000. XXEC Inc. bought a new position in shares of Mettler-Toledo International in the second quarter worth about $51,139,000. Finally, Capstone Investment Advisors LLC purchased a new position in Mettler-Toledo International in the 2nd quarter worth about $293,000. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Down 0.7%

NYSE:MTD opened at $1,397.03 on Friday. The company's 50-day simple moving average is $1,345.25 and its 200-day simple moving average is $1,275.03. 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, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The stock has a market capitalization of $28.00 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.88 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) 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 business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $10.09 earnings per share. The business's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target 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 note on Monday, August 3rd. Morgan Stanley increased 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 report on Tuesday, August 4th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a "peer perform" rating on the stock. Weiss Ratings upgraded shares of Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Finally, Barclays upped their price target on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $1,461.27.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares in the company, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the firm's stock in a transaction dated 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 directly owned 5,579 shares of the company's stock, valued at approximately $7,989,128. This represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,312 shares of company stock valued at $4,750,362 in the last ninety days. 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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