JLB & Associates Inc. Buys New Shares in Mettler-Toledo International, Inc. $MTD

JLB & Associates Inc. bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,311 shares of the medical instruments supplier’s stock, valued at approximately $1,675,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Mettler-Toledo International during the first quarter worth approximately $26,372,000. M&T Bank Corp boosted its holdings in shares of Mettler-Toledo International by 2,813.6% in the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock valued at $173,165,000 after purchasing an additional 119,942 shares during the last quarter. Strs Ohio grew its stake in shares of Mettler-Toledo International by 2,594.8% during the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after buying an additional 12,896 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Mettler-Toledo International by 34.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after buying an additional 1,060 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Mettler-Toledo International by 377.3% during the 1st quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock worth $5,272,000 after buying an additional 3,305 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Activity

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of the company’s 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 value of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at $420,599.72. This represents a 58.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the 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 transaction of $3,207,680.00. Following the completion of the sale, the chief financial officer directly owned 5,579 shares of the company’s stock, valued at $7,989,128. This trade represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Down 1.3%

Shares of Mettler-Toledo International stock opened at $1,399.28 on Wednesday. The company has a fifty day moving average price of $1,303.53 and a 200 day moving average price of $1,273.10. 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, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23.

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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $10.09 earnings per share. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MTD shares. Morgan Stanley lifted 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 report on Tuesday, August 4th. Citigroup dropped their price target on 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. 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 report on Friday, July 31st. Wolfe Research began coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company boosted 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 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.