Patron Partners LLC Purchases New Stake in Mettler-Toledo International, Inc. $MTD

Patron Partners LLC bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 804 shares of the medical instruments supplier’s stock, valued at approximately $1,027,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Mettler-Toledo International in the second quarter worth $2,404,713,000. Capital International Investors lifted its stake in Mettler-Toledo International by 12.7% during the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock valued at $1,351,064,000 after purchasing an additional 109,508 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Mettler-Toledo International by 0.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier’s stock worth $964,174,000 after acquiring an additional 3,157 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Mettler-Toledo International by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock valued at $830,879,000 after purchasing an additional 14,106 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Mettler-Toledo International in the second quarter worth about $762,553,000. Institutional investors own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 240 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider owned 259 shares in the company, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas P. Salice sold 417 shares of the 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 completion of the sale, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,312 shares of company stock valued at $4,750,362 over the last three months. Company insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTD. Morgan Stanley upped their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Robert W. Baird reduced their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. lowered 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 note on Monday, May 11th. Finally, Wells Fargo & Company lifted their target price on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,461.27.

Mettler-Toledo International Trading Up 0.0%

MTD stock opened at $1,393.43 on Friday. 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. The company has a market cap of $27.92 billion, a P/E ratio of 31.36, a PEG ratio of 2.87 and a beta of 1.23. The business has a fifty day moving average of $1,319.66 and a 200-day moving average of $1,274.32.

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 analysts’ consensus estimates of $10.78 by $0.68. The business 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 firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.09 earnings per share. As a group, equities research analysts expect that Mettler-Toledo International, Inc. will post 47.35 EPS 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.