Elevation Point Wealth Partners LLC Makes New $524,000 Investment in Mettler-Toledo International, Inc. $MTD

Elevation Point Wealth Partners LLC 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 disclosure with the Securities and Exchange Commission (SEC). The firm purchased 410 shares of the medical instruments supplier’s stock, valued at approximately $524,000.

Other institutional investors have also modified their holdings of the company. Evergreen Capital Management LLC increased its stake in Mettler-Toledo International by 4.5% during the 4th quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after purchasing an additional 8 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Mettler-Toledo International by 1.7% in the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock valued at $680,000 after buying an additional 8 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Mettler-Toledo International by 2.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock valued at $421,000 after buying an additional 8 shares during the period. Values First Advisors Inc. boosted its holdings in shares of Mettler-Toledo International by 1.3% in the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after buying an additional 8 shares during the period. Finally, Torray Investment Partners LLC increased its position in shares of 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 worth $2,115,000 after acquiring an additional 8 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas P. Salice sold 417 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 292 shares of the company’s stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the completion of 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,312 shares of company stock worth $4,750,362. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Stock Up 0.3%

Mettler-Toledo International stock opened at $1,402.64 on Wednesday. The company has a market cap of $28.11 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The company has a fifty day simple moving average of $1,329.55 and a 200 day simple moving average of $1,273.83. 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 (NYSE:MTD) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $10.09 EPS. Research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Stifel Nicolaus increased their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Robert W. Baird cut their price target on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Jefferies Financial Group upped their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Citigroup dropped their target price on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,461.27.

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.