XXEC Inc. Takes $51.14 Million Position in Mettler-Toledo International, Inc. $MTD

XXEC Inc. purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,343 shares of the medical instruments supplier’s stock, valued at approximately $51,139,000. Mettler-Toledo International makes up approximately 0.1% of XXEC Inc.’s holdings, making the stock its 9th largest holding. XXEC Inc. owned about 0.22% of Mettler-Toledo International as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Evergreen Capital Management LLC increased its stake in Mettler-Toledo International by 4.5% in the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock valued at $257,000 after acquiring an additional 8 shares during the period. Meridian Wealth Management LLC lifted its stake in Mettler-Toledo International by 1.7% during the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after purchasing an additional 8 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Mettler-Toledo International by 2.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after purchasing an additional 8 shares during the period. Values First Advisors Inc. boosted its holdings in Mettler-Toledo International by 1.3% during the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after purchasing an additional 8 shares in the last quarter. Finally, Torray Investment Partners LLC boosted its holdings in Mettler-Toledo International by 0.5% during 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 purchasing an additional 8 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MTD shares. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Citigroup lowered their target price 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. Stifel Nicolaus increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Morgan Stanley lifted 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 report on Tuesday, August 4th. Finally, Robert W. Baird reduced their price target on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $1,461.27.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,407.20 on Friday. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The firm has a market cap of $28.20 billion, a P/E ratio of 31.67, a P/E/G ratio of 2.88 and a beta of 1.23. The firm has a 50 day simple moving average of $1,340.21 and a 200 day simple moving average of $1,274.17.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. The business had revenue of $1.03 billion during 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 firm’s quarterly 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 predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Gerry Keller sold 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 $1,427.14, for a total transaction of $342,513.60. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas P. Salice sold 417 shares of the stock in a transaction that occurred on 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 $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,312 shares of company stock worth $4,750,362 over the last three months. 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.