Glenview Trust Co Purchases Shares of 790 Mettler-Toledo International, Inc. $MTD

Glenview Trust Co purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 790 shares of the medical instruments supplier’s stock, valued at approximately $1,009,000.

A number of other institutional investors have also modified their holdings of MTD. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter worth about $25,000. Reflection Asset Management acquired a new position in Mettler-Toledo International in the fourth quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International in the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Mettler-Toledo International during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the transaction, the chief financial officer directly owned 5,579 shares in the company, valued at approximately $7,989,128. This represents a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas P. Salice sold 417 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,312 shares of company stock worth $4,750,362 over the last quarter. 0.71% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTD. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Citigroup cut their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company increased their price target on 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. Robert W. Baird dropped their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,461.27.

Mettler-Toledo International Stock Down 0.7%

NYSE MTD opened at $1,397.03 on Friday. The business’s fifty day simple moving average is $1,345.25 and its 200-day simple moving average is $1,275.03. 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 P/E/G 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.

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 the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company earned $10.09 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

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.