10,620 Shares in Mettler-Toledo International, Inc. $MTD Bought by Palisade Capital Management LP

Palisade Capital Management LP acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, HoldingsChannel reports. The fund acquired 10,620 shares of the medical instruments supplier’s stock, valued at approximately $13,567,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its stake in shares of Mettler-Toledo International by 4.5% during the 4th quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after purchasing an additional 8 shares in the last quarter. Meridian Wealth Management LLC increased its holdings in Mettler-Toledo International by 1.7% in the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after buying an additional 8 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Mettler-Toledo International by 2.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after buying an additional 8 shares during the last quarter. Values First Advisors Inc. raised its position in Mettler-Toledo International by 1.3% during the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after acquiring an additional 8 shares in the last quarter. Finally, Torray Investment Partners LLC raised its position in Mettler-Toledo International by 0.5% during the first quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock valued at $2,115,000 after acquiring an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 0.3%

MTD stock opened at $1,402.64 on Wednesday. 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, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The company has a 50-day moving average of $1,329.55 and a two-hundred day moving average of $1,273.83. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $10.09 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS 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 that occurred 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 of the company’s stock, valued at approximately $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 240 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider owned 259 shares in the company, valued at approximately $369,629.26. The trade was a 48.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,312 shares of company stock valued at $4,750,362 in the last 90 days. 0.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MTD. Wells Fargo & Company increased 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 research note on Monday, August 3rd. Jefferies Financial Group increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Morgan Stanley boosted 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. Barclays increased their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Wolfe Research assumed coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.