Oxbow Advisors LLC Invests $6.81 Million in Mettler-Toledo International, Inc. $MTD

Oxbow Advisors LLC purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,328 shares of the medical instruments supplier’s stock, valued at approximately $6,807,000.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Mettler-Toledo International in the second quarter worth about $2,404,713,000. Bank of New York Mellon Corp purchased a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $762,553,000. Norges Bank purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $520,989,000. Deutsche Bank AG bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $168,042,000. Finally, M&T Bank Corp raised its position in shares of Mettler-Toledo International by 2,813.6% in the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after acquiring an additional 119,942 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MTD. Morgan Stanley raised their target price on 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. Wells Fargo & Company upped 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 note on Monday, August 3rd. Citigroup decreased their price objective on 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. Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Finally, Jefferies Financial Group boosted 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 report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,461.27.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 5,579 shares of the company’s stock, valued at $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerry Keller sold 240 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 259 shares of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% 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 3,312 shares of company stock worth $4,750,362. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Price Performance

MTD opened at $1,399.28 on Wednesday. The firm has a market cap of $28.04 billion, a PE ratio of 31.49, a P/E/G ratio of 2.92 and a beta of 1.23. The stock has a 50-day moving average price of $1,303.53 and a 200-day moving average price of $1,273.10. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating the consensus estimate of $10.78 by $0.68. The company 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%. Mettler-Toledo International’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $10.09 EPS. Sell-side analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

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.