Railway Pension Investments Ltd Increases Stake in Mettler-Toledo International, Inc. $MTD

Railway Pension Investments Ltd raised its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 327.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 10,850 shares of the medical instruments supplier’s stock after acquiring an additional 8,310 shares during the quarter. Railway Pension Investments Ltd’s holdings in Mettler-Toledo International were worth $13,861,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MTD. XXEC Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $77,044,000. BlackRock Inc. bought a new stake in Mettler-Toledo International in the second quarter worth approximately $2,404,713,000. Bank of New York Mellon Corp bought a new position in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $762,553,000. Wellington Management Group LLP raised its holdings in Mettler-Toledo International by 908.6% in the 2nd quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier’s stock worth $586,459,000 after acquiring an additional 413,547 shares during the period. Finally, Norges Bank bought a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $520,989,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MTD. Citigroup cut their target price on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wells Fargo & Company upped 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. Barclays boosted their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a report 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. Finally, Morgan Stanley boosted their price objective 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 report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,461.27.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,405.98 on Tuesday. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17. The company has a 50 day moving average of $1,350.11 and a 200 day moving average of $1,274.33. The stock has a market cap of $28.18 billion, a P/E ratio of 31.64, a P/E/G ratio of 2.88 and a beta of 1.23. 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 (NYSE:MTD) last released 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 negative return on equity of 1,212.14% and a net margin of 21.91%.Mettler-Toledo International’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.09 EPS. As a group, sell-side analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Insider Activity

In other news, CEO Patrick Kaltenbach sold 942 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the transaction, the chief executive officer owned 4,480 shares of the company’s stock, valued at $6,384,000. The trade was a 17.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director directly owned 292 shares in the company, valued at $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is currently owned by corporate insiders.

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.