Jupiter Topco LLC Takes Position in Mettler-Toledo International, Inc. $MTD

Jupiter Topco LLC acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, Holdings Channel.com reports. The firm acquired 2,693 shares of the medical instruments supplier’s stock, valued at approximately $3,445,000.

Several other large investors have also recently bought and sold shares of MTD. Meridian Wealth Management LLC increased its holdings in shares of Mettler-Toledo International by 1.7% in the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after purchasing an additional 8 shares during the period. EverSource Wealth Advisors LLC grew its position in Mettler-Toledo International by 2.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after buying an additional 8 shares in the last quarter. Values First Advisors Inc. raised its holdings in shares of Mettler-Toledo International by 1.3% in the 1st quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after acquiring an additional 8 shares in the last quarter. Torray Investment Partners LLC boosted its position in shares of Mettler-Toledo International by 0.5% during the 1st quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock valued at $2,115,000 after acquiring an additional 8 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Mettler-Toledo International by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 927 shares of the medical instruments supplier’s stock worth $1,181,000 after purchasing an additional 9 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MTD. Jefferies Financial Group lifted 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. Barclays increased their target price on 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. Royal Bank Of Canada started coverage on Mettler-Toledo International in a report on Tuesday. They issued a “sector perform” rating and a $1,515.00 price objective for the company. Citigroup dropped their target price on 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. Finally, Morgan Stanley increased their price target 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 report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and a consensus target price of $1,465.75.

Mettler-Toledo International Price Performance

MTD opened at $1,374.47 on Wednesday. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The stock’s 50 day simple moving average is $1,354.48 and its 200 day simple moving average is $1,274.20. The firm has a market cap of $27.54 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 2.89 and a beta of 1.22. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $10.09 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Insider Activity

In related news, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the transaction, the director owned 292 shares in the company, valued at $420,599.72. The trade was a 58.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick Kaltenbach sold 942 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the completion of the sale, the chief executive officer owned 4,480 shares of the company’s stock, valued at approximately $6,384,000. This trade represents a 17.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,254 shares of company stock worth $6,092,712 in the last quarter. Insiders own 0.71% of the company’s stock.

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.