Seilern Investment Management Ltd Reduces Stock Holdings in Mettler-Toledo International, Inc. $MTD

Seilern Investment Management Ltd reduced its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,057 shares of the medical instruments supplier’s stock after selling 1,477 shares during the period. Mettler-Toledo International makes up 3.4% of Seilern Investment Management Ltd’s holdings, making the stock its 16th largest position. Seilern Investment Management Ltd’s holdings in Mettler-Toledo International were worth $26,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International in the first quarter worth about $25,000. Reflection Asset Management acquired a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $26,000. Elyxium Wealth LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at approximately $29,000. Root Financial Partners LLC boosted its stake in Mettler-Toledo International by 45.5% in the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 10 shares in the last quarter. Finally, DV Equities LLC acquired a new stake in Mettler-Toledo International in the 4th quarter worth approximately $40,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,429.14 on Friday. 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 current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The company has a market cap of $28.64 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23. The company’s 50 day moving average is $1,267.38 and its 200 day moving average is $1,274.21.

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 for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $10.09 EPS. On average, sell-side analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Analysts Set New Price Targets

MTD has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Barclays lifted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Morgan Stanley upped their target price on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group raised their target price 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. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,461.27.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the transaction, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gerry Keller sold 240 shares of the business’s stock in a transaction dated 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 directly owned 259 shares of the company’s stock, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,312 shares of company stock worth $4,750,362 over the last three months. Company insiders own 0.71% of the company’s stock.

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.