MASTERINVEST Kapitalanlage GmbH Makes New Investment in Mettler-Toledo International, Inc. $MTD

MASTERINVEST Kapitalanlage GmbH purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 474 shares of the medical instruments supplier’s stock, valued at approximately $606,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $26,372,000. Strs Ohio raised its position in Mettler-Toledo International by 2,594.8% during the fourth quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after purchasing an additional 12,896 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Mettler-Toledo International by 34.3% in 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 purchasing an additional 1,060 shares during the last quarter. SEB Asset Management AB bought a new position in shares of Mettler-Toledo International during the 1st quarter valued at approximately $15,889,000. Finally, Fifth Third Bancorp raised its holdings in 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 valued at $5,272,000 after buying an additional 3,305 shares during the period. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Down 0.7%

NYSE MTD opened at $1,397.03 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The firm has a market cap of $28.00 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.89 and a beta of 1.23. 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 price of $1,345.25 and a 200 day moving average price of $1,275.03.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted $10.09 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 240 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the transaction, the insider directly owned 259 shares of the company’s stock, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas P. Salice sold 417 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total value of $600,650.97. Following the completion of the sale, the director owned 292 shares in the company, valued at approximately $420,599.72. This represents a 58.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,312 shares of company stock valued at $4,750,362. 0.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. dropped their target price on shares of 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. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Finally, Wolfe Research started coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Six investment 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, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus 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.