WINTON GROUP Ltd Buys 3,461 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• WINTON GROUP Ltd increased its Mettler-Toledo position by 509% in the second quarter, purchasing 3,461 additional shares and bringing its holdings to 4,141 shares valued at approximately $5.29 million. Institutional investors collectively own 95.07% of the company.
• Analyst sentiment is mixed, with six Buy ratings, nine Holds, and one Sell; the stock has an average rating of Hold and an average price target of $1,446.36.
• Mettler-Toledo exceeded quarterly earnings expectations, reporting EPS of $11.46 versus the $10.78 consensus estimate, while revenue rose 4.5% year over year to $1.03 billion. Meanwhile, insiders sold 4,254 shares worth about $6.09 million over the past 90 days.

WINTON GROUP Ltd raised its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 509.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,141 shares of the medical instruments supplier's stock after purchasing an additional 3,461 shares during the period. WINTON GROUP Ltd's holdings in Mettler-Toledo International were worth $5,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MTD. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International during the 1st quarter worth approximately $25,000. Reflection Asset Management bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Mettler-Toledo International in the second quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in Mettler-Toledo International in the 4th quarter valued at $29,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at about $32,000. Institutional investors own 95.07% of the company's stock.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of recent analyst reports. Rothschild & Co Redburn started coverage on Mettler-Toledo International in a report on Wednesday, September 2nd. They set a "sell" rating and a $1,200.00 price target on the stock. Wells Fargo & Company lifted their price objective 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 upped their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 4th. Wolfe Research began coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a "peer perform" rating on the stock. Finally, Stifel Nicolaus raised their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mettler-Toledo International currently has an average rating of "Hold" and an average target price of $1,446.36.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,280.76 on Friday. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The firm has a 50-day moving average of $1,363.52 and a 200-day moving average of $1,272.42. The firm has a market cap of $25.67 billion, a P/E ratio of 28.83, a P/E/G ratio of 2.59 and a beta of 1.22.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.09 earnings per share. Sell-side analysts expect that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In related news, Director Thomas P. Salice sold 417 shares of the 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 completion of the transaction, the director directly owned 292 shares in the company, valued at $420,599.72. This trade represents a 58.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the transaction, the chief financial officer directly owned 5,579 shares of the company's stock, valued at $7,989,128. This represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,254 shares of company stock valued at $6,092,712. Insiders own 0.71% of the company's stock.

Mettler-Toledo International Profile

Mettler-Toledo International Inc develops and manufactures precision instruments and related services for laboratory, industrial and retail applications. Its products include laboratory balances and scales, analytical instruments, pipettes, automated chemistry systems, titration and thermal analysis equipment, and process analytics solutions.

The company also provides industrial weighing and measurement systems, product inspection technologies such as metal detection, checkweighing and vision inspection, and software and services that support manufacturing, quality control and regulatory compliance.

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.