S&CO Inc. Purchases Shares of 600 Mettler-Toledo International, Inc. $MTD

S&CO Inc. acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, Holdings Channel.com reports. The fund acquired 600 shares of the medical instruments supplier’s stock, valued at approximately $766,000.

A number of other hedge funds have also modified their holdings of MTD. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth $25,000. Reflection Asset Management acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $26,000. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International in the 4th quarter worth about $29,000. Root Financial Partners LLC raised its holdings in Mettler-Toledo International by 45.5% during the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after buying an additional 10 shares during the period. Finally, DV Equities LLC purchased a new stake in Mettler-Toledo International during the fourth quarter valued at about $40,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the 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 value of $3,207,680.00. Following the completion of the sale, the chief financial officer owned 5,579 shares in the company, valued at $7,989,128. This represents a 28.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider directly owned 259 shares of the company’s stock, valued at $369,629.26. This trade represents a 48.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,312 shares of company stock valued at $4,750,362. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Trading Down 0.1%

Shares of NYSE MTD opened at $1,417.40 on Monday. 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, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17. The business has a 50-day moving average price of $1,293.20 and a two-hundred day moving average price of $1,273.15. The firm has a market capitalization of $28.40 billion, a PE ratio of 31.90, a PEG ratio of 2.92 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.09 EPS. As a group, analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MTD has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Citigroup reduced their price target 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. Barclays raised their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lowered their price objective 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 report on Monday, May 11th. Finally, Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $1,461.27.

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.