Caisse de depot et placement du Quebec Invests $45.69 Million in Mettler-Toledo International, Inc. $MTD

Caisse de depot et placement du Quebec acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 35,766 shares of the medical instruments supplier’s stock, valued at approximately $45,691,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Man Group plc bought a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $13,696,000. Jupiter Topco LLC acquired a new position in Mettler-Toledo International in the second quarter worth $3,445,000. J. Goldman & Co LP bought a new stake in Mettler-Toledo International during the second quarter valued at $3,959,000. Hsbc Holdings PLC acquired a new stake in shares of Mettler-Toledo International during the second quarter worth $108,871,000. Finally, Palisade Capital Management LP acquired a new stake in shares of Mettler-Toledo International during the second quarter worth $13,567,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,407.20 on Friday. The firm’s 50 day moving average is $1,340.21 and its two-hundred day moving average is $1,274.17. The firm has a market capitalization of $28.20 billion, a P/E ratio of 31.67, a PEG ratio of 2.88 and a beta of 1.23. 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 52 week low of $1,023.05 and a 52 week high of $1,525.17.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MTD shares. Citigroup lowered their price objective 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. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Barclays upped their target price on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley raised their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,461.27.

Insiders Place Their Bets

In other news, Director Thomas P. Salice sold 417 shares of the stock in a transaction on 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 completion of the transaction, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 5,579 shares in the company, valued at $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is owned by company insiders.

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.