Freestone Grove Partners LP Buys New Shares in Mettler-Toledo International, Inc. $MTD

Freestone Grove Partners LP purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 65,767 shares of the medical instruments supplier’s stock, valued at approximately $84,018,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the first quarter valued at approximately $25,000. Reflection Asset Management bought a new position in Mettler-Toledo International during the 4th quarter worth $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Mettler-Toledo International in the 2nd quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $29,000. Finally, Root Financial Partners LLC raised its holdings 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 valued at $40,000 after acquiring an additional 10 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas P. Salice sold 417 shares of the business’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. The trade was a 58.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,312 shares of company stock valued at $4,750,362 over the last 90 days. Insiders own 0.71% of the company’s stock.

Mettler-Toledo International Trading Down 0.1%

Shares of Mettler-Toledo International stock opened at $1,401.16 on Thursday. The stock has a 50 day moving average price of $1,334.97 and a two-hundred day moving average price of $1,273.95. 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 debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The stock has a market capitalization of $28.08 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The business had revenue of $1.03 billion during 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%. Mettler-Toledo International’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.09 EPS. As a group, equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Stifel Nicolaus increased their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Citigroup cut their target price on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Wells Fargo & Company boosted 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 report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.