Jefferies Financial Group Inc. Makes New Investment in Mettler-Toledo International, Inc. $MTD

Jefferies Financial Group Inc. purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,004 shares of the medical instruments supplier’s stock, valued at approximately $1,283,000.

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

Analyst Ratings Changes

Several analysts have recently weighed in on MTD shares. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Wells Fargo & Company increased 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 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, Barclays lifted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,461.27.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,397.03 on Monday. The stock has a market capitalization of $28.00 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.88 and a beta of 1.23. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company’s fifty day moving average is $1,345.25 and its two-hundred day moving average is $1,274.28.

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

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 5,579 shares of the company’s stock, valued at $7,989,128. This represents a 28.65% 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 stock in a transaction 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 sale, the director directly owned 292 shares in the company, valued at approximately $420,599.72. The trade was a 58.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,312 shares of company stock valued at $4,750,362. 0.71% of the stock is owned by company insiders.

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.