Glenview Trust Co Invests $1.01 Million in Mettler-Toledo International, Inc. $MTD

Glenview Trust Co acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 790 shares of the medical instruments supplier’s stock, valued at approximately $1,009,000.

Other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 1st quarter valued at $25,000. Reflection Asset Management bought a new stake in Mettler-Toledo International during the fourth quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International during the second quarter valued at about $26,000. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International in the fourth quarter valued at about $29,000. Finally, Transamerica Financial Advisors LLC bought a new position in Mettler-Toledo International in the second quarter worth about $32,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Down 0.7%

NYSE MTD opened at $1,397.03 on Friday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The company has a fifty day simple moving average of $1,345.25 and a two-hundred day simple moving average of $1,275.03. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The stock has a market cap of $28.00 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.89 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data 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. The firm had revenue of $1.03 billion for 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%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $10.09 earnings per share. On average, analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 240 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was 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 of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTD. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Citigroup lowered their target price on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Morgan Stanley upped their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,461.27.

Mettler-Toledo International 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.