619 Shares in Mettler-Toledo International, Inc. $MTD Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 619 shares of the medical instruments supplier’s stock, valued at approximately $791,000.

A number of other hedge funds have also modified their holdings of MTD. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International in the first quarter valued at approximately $25,000. Reflection Asset Management acquired a new position in Mettler-Toledo International in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International during the 4th quarter worth approximately $29,000. Root Financial Partners LLC raised its position in Mettler-Toledo International by 45.5% during the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after buying an additional 10 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $40,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Morgan Stanley upped 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. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Jefferies Financial Group lifted their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Wolfe Research began coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,461.27.

Mettler-Toledo International Stock Down 1.3%

MTD opened at $1,399.28 on Wednesday. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The company has a 50-day moving average price of $1,303.53 and a 200 day moving average price of $1,273.10. The company has a market cap of $28.04 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted $10.09 EPS. Mettler-Toledo International’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts expect that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Shawn Vadala sold 2,240 shares of the 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 completion of the transaction, the chief financial officer directly owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. This represents a 28.65% decrease in their position. The transaction was disclosed in a document filed 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 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 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 quarter. 0.71% of the stock is currently owned by corporate insiders.

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.