Man Group plc Makes New Investment in Mettler-Toledo International, Inc. $MTD

Man Group plc bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, HoldingsChannel.com reports. The fund bought 10,721 shares of the medical instruments supplier’s stock, valued at approximately $13,696,000.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the first quarter valued at approximately $25,000. Reflection Asset Management acquired a new position in Mettler-Toledo International during the 4th quarter worth $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International during the 2nd quarter worth $26,000. Elyxium Wealth LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at $29,000. Finally, Root Financial Partners LLC boosted its position in 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 buying an additional 10 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 240 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,312 shares of company stock valued at $4,750,362. 0.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MTD shares. Barclays boosted their target price on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Morgan Stanley lifted their price objective on 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. Robert W. Baird dropped their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Finally, 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 report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,461.27.

Mettler-Toledo International Price Performance

MTD opened at $1,407.20 on Friday. The company has a fifty day moving average price of $1,340.21 and a two-hundred day moving average price of $1,274.17. The firm has a market capitalization of $28.20 billion, a PE ratio of 31.67, a P/E/G ratio of 2.88 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. 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 (NYSE:MTD) last posted its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating 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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business posted $10.09 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

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.