Danske Bank A S Invests $5.55 Million in Mettler-Toledo International, Inc. $MTD

Danske Bank A S acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, HoldingsChannel reports. The institutional investor acquired 4,348 shares of the medical instruments supplier’s stock, valued at approximately $5,555,000.

A number of other large investors have also added to or reduced their stakes in the stock. Oxbow Advisors LLC bought a new stake in Mettler-Toledo International in the second quarter worth $6,807,000. Wealthfront Advisers LLC bought a new position in shares of Mettler-Toledo International during the second quarter valued at $2,035,000. JLB & Associates Inc. bought a new position in shares of Mettler-Toledo International during the second quarter valued at $1,675,000. Meeder Advisory Services Inc. purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth about $432,000. Finally, Tiemann Investment Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth about $184,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the 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 of the company’s stock, valued at approximately $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 240 shares of the firm’s 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 transaction, the insider directly owned 259 shares in the company, valued at $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,312 shares of company stock valued at $4,750,362. 0.71% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays lifted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Citigroup cut their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Morgan Stanley raised their price target on shares of 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. Finally, Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,461.27.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,393.43 on Friday. The firm has a fifty day simple moving average of $1,319.66 and a two-hundred day simple moving average of $1,274.32. The firm has a market cap of $27.92 billion, a PE ratio of 31.36, a P/E/G ratio of 2.87 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last released 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 firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $10.09 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Mettler-Toledo International Company 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.