Hsbc Holdings PLC Purchases New Stake in Mettler-Toledo International, Inc. $MTD

Hsbc Holdings PLC acquired a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 85,243 shares of the medical instruments supplier’s stock, valued at approximately $108,871,000.

A number of other large investors have also recently made changes to their positions in MTD. Palisade Capital Management LP acquired a new position in shares of Mettler-Toledo International during the second quarter valued at about $13,567,000. Canada Pension Plan Investment Board acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $14,771,000. Legal & General Group Plc acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $228,883,000. The Manufacturers Life Insurance Company bought a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $23,662,000. Finally, Sone Capital Management LLC bought a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $9,712,000. 95.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MTD has been the topic of several analyst reports. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their price objective on 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. Robert W. Baird reduced their target price on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Citigroup reduced their price objective 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 report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average price target of $1,461.27.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,402.64 on Wednesday. The company has a market capitalization of $28.11 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23. The company’s 50-day moving average is $1,329.55 and its 200 day moving average is $1,273.83. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping 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 net margin of 21.91% and a negative return on equity of 1,212.14%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $10.09 earnings per share. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 292 shares in the company, valued at approximately $420,599.72. The trade was a 58.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the business’s 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 in the company, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,312 shares of company stock worth $4,750,362. Insiders own 0.71% of the company’s stock.

About Mettler-Toledo International

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.