WINTON GROUP Ltd Boosts Stake in Mettler-Toledo International, Inc. $MTD

WINTON GROUP Ltd raised its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 509.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,141 shares of the medical instruments supplier’s stock after acquiring an additional 3,461 shares during the period. WINTON GROUP Ltd’s holdings in Mettler-Toledo International were worth $5,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the first quarter valued at about $25,000. Reflection Asset Management bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter worth $29,000. Finally, Transamerica Financial Advisors LLC bought a new position in Mettler-Toledo International in the 2nd quarter worth $32,000. 95.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 2,240 shares of the firm’s 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 sale, the chief financial officer directly owned 5,579 shares in the company, valued at $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick Kaltenbach sold 942 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the transaction, the chief executive officer directly owned 4,480 shares of the company’s stock, valued at approximately $6,384,000. This represents a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,254 shares of company stock valued at $6,092,712 in the last three months. Corporate insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MTD shares. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Jefferies Financial Group raised 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 note on Friday, July 31st. UBS Group assumed coverage on Mettler-Toledo International in a research note on Wednesday. They set a “neutral” rating and a $1,460.00 price objective for the company. Barclays increased their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,446.36.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,280.76 on Friday. The stock’s 50 day simple moving average is $1,363.52 and its two-hundred day simple moving average is $1,272.42. 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 market cap of $25.67 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 2.59 and a beta of 1.22. 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 (NYSE:MTD) last released its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating the consensus estimate of $10.78 by $0.68. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. Mettler-Toledo International’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $10.09 earnings per share. As a group, equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc develops and manufactures precision instruments and related services for laboratory, industrial and retail applications. Its products include laboratory balances and scales, analytical instruments, pipettes, automated chemistry systems, titration and thermal analysis equipment, and process analytics solutions.

The company also provides industrial weighing and measurement systems, product inspection technologies such as metal detection, checkweighing and vision inspection, and software and services that support manufacturing, quality control and regulatory compliance.