XXEC Inc. Invests $77.04 Million in Mettler-Toledo International, Inc. $MTD

Key Points

• XXEC Inc. reported a new $77.04 million position in Mettler-Toledo International during the second quarter, making MTD its 22nd-largest holding. Institutional investors collectively own 95.07% of the company.
• Analyst sentiment is mixed: six analysts rate MTD a Buy and seven rate it Hold, producing an overall “Hold” consensus and an average price target of $1,461.27.
• Mettler-Toledo exceeded quarterly earnings expectations, reporting $11.46 in EPS versus an estimated $10.78, while revenue rose 4.5% year over year to $1.03 billion. Insiders have sold 3,312 shares worth approximately $4.75 million over the past three months.

XXEC Inc. bought a new position 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 SEC. The firm bought 88,831,888 shares of the medical instruments supplier's stock, valued at approximately $77,044,000. Mettler-Toledo International accounts for approximately 0.0% of XXEC Inc.'s holdings, making the stock its 22nd biggest position. XXEC Inc. owned 443.34% of Mettler-Toledo International at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MTD. Reflection Asset Management acquired a new position in Mettler-Toledo International during the fourth quarter worth $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the 1st quarter valued at $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $26,000. Elyxium Wealth LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth about $29,000. Finally, DV Equities LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They set a "peer perform" rating for the company. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Jefferies Financial Group raised their price objective on shares of 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. JPMorgan Chase & Co. cut their target price on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a "neutral" rating for the company in a research note on Monday, May 11th. Finally, Robert W. Baird reduced their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a "neutral" rating on the stock in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $1,461.27.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 240 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the transaction, the insider owned 259 shares in the company, valued at $369,629.26. The trade was a 48.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the company's stock in a transaction 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 directly owned 5,579 shares in the company, valued at approximately $7,989,128. This represents a 28.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,312 shares of company stock worth $4,750,362. Corporate insiders own 0.71% of the company's stock.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,393.43 on Friday. The stock has a 50-day simple moving average of $1,319.66 and a 200 day simple moving average of $1,274.32. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The stock has a market capitalization of $27.92 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 2.87 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 the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $10.09 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

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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