1,311 Shares in Mettler-Toledo International, Inc. $MTD Purchased by JLB & Associates Inc.

JLB & Associates Inc. purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, Holdings Channel.com reports. The firm purchased 1,311 shares of the medical instruments supplier’s stock, valued at approximately $1,675,000.

A number of other hedge funds have also recently bought and sold shares of the business. Meeder Advisory Services Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $432,000. Tiemann Investment Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $184,000. Tortoise Investment Management LLC acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $262,000. Grandfield & Dodd LLC bought a new stake in shares of Mettler-Toledo International in the second quarter worth $17,548,000. Finally, BlackRock Inc. acquired a new stake in Mettler-Toledo International in the second quarter valued at $2,404,713,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,399.28 on Wednesday. The business’s fifty day moving average price is $1,303.53 and its 200 day moving average price is $1,273.10. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The stock has a market capitalization of $28.04 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23. 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 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $10.09 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price objective 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. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Jefferies Financial Group upped their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Morgan Stanley increased their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. decreased their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. 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, Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $1,461.27.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the transaction, the insider directly owned 259 shares of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, 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 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.