Saudi Central Bank Has $1.82 Million Stock Holdings in Mettler-Toledo International, Inc. $MTD

Saudi Central Bank boosted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 88.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,423 shares of the medical instruments supplier’s stock after purchasing an additional 669 shares during the quarter. Saudi Central Bank’s holdings in Mettler-Toledo International were worth $1,818,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts recently commented on MTD shares. Barclays upped their price target on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Stifel Nicolaus boosted 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 note on Monday, August 3rd. Rothschild & Co Redburn began coverage on Mettler-Toledo International in a research report on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 target price for the company. Finally, Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,445.31.

Insider Activity at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 417 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director directly owned 292 shares of the company’s stock, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 240 shares of the company’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 directly owned 259 shares of the company’s stock, valued at $369,629.26. This represents a 48.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,254 shares of company stock valued at $6,092,712 over the last three months. 0.71% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,325.47 on Wednesday. The business has a fifty day simple moving average of $1,364.27 and a 200 day simple moving average of $1,273.69. The company has a market cap of $26.56 billion, a P/E ratio of 29.83, a P/E/G ratio of 2.70 and a beta of 1.22. 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 twelve month low of $1,023.05 and a twelve month high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.09 earnings per share. On average, sell-side analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

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.