The Manufacturers Life Insurance Company Purchases Shares of 18,524 Mettler-Toledo International, Inc. $MTD

The Manufacturers Life Insurance Company purchased a new position in Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,524 shares of the medical instruments supplier’s stock, valued at approximately $23,662,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MTD. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the first quarter worth about $25,000. Reflection Asset Management bought a new position in Mettler-Toledo International during the fourth quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Mettler-Toledo International during the second quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International during the 4th quarter valued at approximately $29,000. Finally, Root Financial Partners LLC increased its stake 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 worth $40,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 2,240 shares of the 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 directly owned 5,579 shares of the company’s stock, valued at $7,989,128. This represents a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerry Keller sold 240 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares in the company, valued at $369,629.26. This trade represents a 48.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,312 shares of company stock worth $4,750,362. Insiders own 0.71% of the company’s stock.

Mettler-Toledo International Stock Up 0.6%

NYSE MTD opened at $1,407.20 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.12 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. The firm has a market capitalization of $28.20 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.88 and a beta of 1.23. The company has a fifty day moving average of $1,340.21 and a two-hundred day moving average of $1,274.17.

Mettler-Toledo International (NYSE:MTD) last announced 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 revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.09 earnings per share. On average, analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Analysts Set New Price Targets

MTD has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Citigroup lowered their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a report on Friday, May 8th. Wells Fargo & Company lifted 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. Finally, Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,461.27.

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.