Empowered Funds LLC Purchases Shares of 3,413 Mettler-Toledo International, Inc. $MTD

Empowered Funds LLC purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, HoldingsChannel.com reports. The firm purchased 3,413 shares of the medical instruments supplier’s stock, valued at approximately $4,360,000.

Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $25,000. Reflection Asset Management acquired a new stake in Mettler-Toledo International during the fourth quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Mettler-Toledo International during the second quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in Mettler-Toledo International in the fourth quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Mettler-Toledo International in the second quarter worth approximately $32,000. 95.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the transaction, the insider owned 259 shares in the company, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $3,207,680.00. Following the completion of 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. Over the last 90 days, insiders have sold 4,254 shares of company stock worth $6,092,712. Company insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Morgan Stanley lifted their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Jefferies Financial Group increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Barclays lifted their price target 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 investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,461.27.

Mettler-Toledo International Trading Up 0.5%

Shares of Mettler-Toledo International stock opened at $1,405.98 on Tuesday. 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 52 week low of $1,023.05 and a 52 week high of $1,525.17. The stock has a 50 day moving average price of $1,350.11 and a two-hundred day moving average price of $1,274.33. The stock has a market capitalization of $28.18 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23.

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, 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $10.09 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal 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.