VIRGINIA RETIREMENT SYSTEMS ET Al Invests $16.37 Million in Mettler-Toledo International, Inc. $MTD

Key Points

• Virginia Retirement Systems purchased 12,811 shares of Mettler-Toledo International worth approximately $16.37 million, while institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly earnings of $11.46 per share, beating estimates of $10.78, on revenue of $1.03 billion—up 4.5% year over year.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $1,445.31, while insiders sold roughly $6.09 million of shares over the past three months.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,811 shares of the medical instruments supplier's stock, valued at approximately $16,366,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of Mettler-Toledo International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MTD. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the first quarter valued at about $25,000. Reflection Asset Management bought a new position in Mettler-Toledo International during the 4th quarter worth about $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Mettler-Toledo International during the 2nd quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International during the 4th quarter valued at about $29,000. Finally, Transamerica Financial Advisors LLC purchased a new position in Mettler-Toledo International during the 2nd quarter valued at about $32,000. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,344.87 on Tuesday. The firm's fifty day moving average is $1,363.35 and its two-hundred day moving average is $1,274.05. The firm has a market cap of $26.95 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 2.70 and a beta of 1.22. 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 one year low of $1,023.05 and a one year high of $1,525.17.

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 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $10.09 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts expect that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In other news, Director Thomas Salice sold 417 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 292 shares of the company's stock, valued at approximately $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 this link. Also, CFO Shawn Vadala sold 2,240 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. This represents a 28.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,254 shares of company stock worth $6,092,712 over the last three months. 0.71% of the stock is owned by insiders.

Analysts Set New Price Targets

MTD has been the subject of a number of analyst reports. Stifel Nicolaus upped their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Rothschild & Co Redburn initiated coverage on Mettler-Toledo International in a report on Wednesday, September 2nd. They issued a "sell" rating and a $1,200.00 price target on the stock. Barclays boosted their price target on 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. Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a "peer perform" rating on the stock. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $1,445.31.

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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