Quantitative Investment Management LLC Takes Position in Mettler-Toledo International, Inc. $MTD

Quantitative Investment Management LLC acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,358 shares of the medical instruments supplier’s stock, valued at approximately $3,012,000.

A number of other hedge funds also recently bought and sold shares of MTD. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International during the first quarter valued at approximately $25,000. Reflection Asset Management bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International in the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $29,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $32,000. Institutional investors own 95.07% of the company’s stock.

Insider Activity

In related news, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the sale, the chief financial officer owned 5,579 shares in the company, valued at $7,989,128. The trade was a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the transaction, the director directly owned 292 shares in the company, valued at approximately $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,312 shares of company stock valued at $4,750,362. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of several recent research reports. Citigroup lowered their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company raised their price objective on 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 lifted their price objective on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Stifel Nicolaus boosted their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Wolfe Research assumed coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,461.27.

Mettler-Toledo International Price Performance

MTD stock opened at $1,397.03 on Monday. The stock has a market capitalization of $28.00 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.88 and a beta of 1.23. The firm’s 50-day moving average price is $1,345.25 and its two-hundred day moving average price is $1,274.28. 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 12-month low of $1,023.05 and a 12-month high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last posted its 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 negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned $10.09 earnings per share. Mettler-Toledo International’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share 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.