NEOS Investment Management LLC Has $4.05 Million Stock Holdings in Mettler-Toledo International, Inc. $MTD

NEOS Investment Management LLC increased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 14.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,172 shares of the medical instruments supplier’s stock after buying an additional 412 shares during the quarter. NEOS Investment Management LLC’s holdings in Mettler-Toledo International were worth $4,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International during the 1st quarter worth about $25,000. Reflection Asset Management acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Mettler-Toledo International in the second quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $32,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Gerry Keller sold 240 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares in the company, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Salice sold 417 shares of the company’s stock in a transaction on 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 sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,254 shares of company stock worth $6,092,712 over the last ninety days. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Jefferies Financial Group boosted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada initiated coverage on shares of Mettler-Toledo International in a research note on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 price target on the stock. Morgan Stanley increased 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 report on Tuesday, August 4th. Finally, Rothschild & Co Redburn assumed coverage on Mettler-Toledo International in a research report on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,445.31.

Mettler-Toledo International Trading Down 0.0%

Mettler-Toledo International stock opened at $1,344.87 on Monday. 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 company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 2.70 and a beta of 1.22. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17. The company’s fifty day moving average price is $1,361.63 and its two-hundred day moving average price is $1,274.11.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly 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. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.09 earnings per share. On average, analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

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.