Wealthfront Advisers LLC Purchases Shares of 1,593 Mettler-Toledo International, Inc. $MTD

Key Points

• Wealthfront Advisers acquired a new stake of 1,593 Mettler-Toledo shares valued at approximately $2.04 million during the second quarter. Institutional investors and hedge funds collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly EPS of $11.46, beating estimates of $10.78, while revenue rose 4.5% year over year to $1.03 billion. Analysts expect full-year EPS of $47.35.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $1,461.27. The stock was trading at $1,392.94, while company insiders sold approximately $4.75 million worth of shares over the past 90 days.

Wealthfront Advisers LLC acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,593 shares of the medical instruments supplier's stock, valued at approximately $2,035,000.

Several other hedge funds also recently made changes to their positions in MTD. Evergreen Capital Management LLC lifted its stake in Mettler-Toledo International by 4.5% during the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier's stock valued at $257,000 after purchasing an additional 8 shares during the last quarter. Meridian Wealth Management LLC grew its position in Mettler-Toledo International by 1.7% in the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier's stock worth $680,000 after buying an additional 8 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Mettler-Toledo International by 2.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier's stock worth $421,000 after buying an additional 8 shares during the last quarter. Values First Advisors Inc. increased its holdings in shares of Mettler-Toledo International by 1.3% in the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier's stock valued at $789,000 after buying an additional 8 shares in the last quarter. Finally, Torray Investment Partners LLC increased its holdings in shares of Mettler-Toledo International by 0.5% in the first quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier's stock valued at $2,115,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a "neutral" rating on the stock in a research report on Monday, May 11th. Wolfe Research began coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They set a "peer perform" rating for the company. Barclays increased their price target on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group boosted their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $1,461.27.

Mettler-Toledo International Trading Down 2.3%

NYSE MTD opened at $1,392.94 on Friday. The firm's 50 day moving average price is $1,314.38 and its two-hundred day moving average price is $1,273.49. 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 twelve month low of $1,023.05 and a twelve month high of $1,525.17. The stock has a market cap of $27.91 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.93 and a beta of 1.23.

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 negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $10.09 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Insider Buying and Selling

In other news, CFO Shawn Vadala sold 2,240 shares of the company'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 transaction, the chief financial officer owned 5,579 shares in the company, valued at $7,989,128. This represents a 28.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 240 shares of the 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. This trade represents a 48.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,312 shares of company stock valued at $4,750,362. Corporate insiders own 0.71% of the company's stock.

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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