Danske Bank A S Takes Position in Mettler-Toledo International, Inc. $MTD

Danske Bank A S bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,348 shares of the medical instruments supplier’s stock, valued at approximately $5,555,000.

Other hedge funds also recently made changes to their positions in the company. Reflection Asset Management bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $26,000. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the first quarter worth about $25,000. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International during the 4th quarter valued at about $29,000. DV Equities LLC purchased a new position in Mettler-Toledo International during the 4th quarter valued at about $40,000. Finally, Root Financial Partners LLC raised its position in Mettler-Toledo International by 45.5% during the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock valued at $40,000 after purchasing an additional 10 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTD has been the subject of several research analyst reports. Jefferies Financial Group increased 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. Wolfe Research started coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Citigroup dropped their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. 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 report on Monday, August 3rd. Finally, 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. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average target price of $1,461.27.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,393.43 on Friday. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The stock’s 50 day simple moving average is $1,319.66 and its two-hundred day simple moving average is $1,274.32. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The stock has a market cap of $27.92 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 2.87 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates 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 revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.09 EPS. As a group, analysts expect that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director owned 292 shares in the company, valued at approximately $420,599.72. The trade was a 58.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerry Keller sold 240 shares of the company’s 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 represents a 48.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,312 shares of company stock valued at $4,750,362 over the last ninety days. Company 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.