Weitz Investment Management Inc. Invests $3.26 Million in Mettler-Toledo International, Inc. $MTD

Weitz Investment Management Inc. acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,550 shares of the medical instruments supplier’s stock, valued at approximately $3,258,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International in the first quarter valued at about $25,000. Reflection Asset Management purchased a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at about $26,000. Elyxium Wealth LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $29,000. Finally, Root Financial Partners LLC increased its stake in shares of 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 purchasing an additional 10 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 240 shares of the business’s stock in a transaction that occurred on 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 owned 259 shares of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the sale, the chief financial officer owned 5,579 shares of the company’s stock, valued at $7,989,128. This trade represents a 28.65% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Up 0.0%

Shares of NYSE:MTD opened at $1,393.43 on Friday. The firm has a market capitalization of $27.92 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The firm’s 50-day moving average is $1,319.66 and its two-hundred day moving average is $1,274.32. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $10.09 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts predict that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Barclays increased their target price on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Stifel Nicolaus lifted 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 note on Monday, August 3rd. Citigroup cut 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 report on Friday, May 8th. Finally, Robert W. Baird reduced their price objective 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 report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.