Osmosis Investment Management UK Ltd Makes New $534,000 Investment in Mettler-Toledo International, Inc. $MTD

Osmosis Investment Management UK Ltd acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, Holdings Channel reports. The fund acquired 418 shares of the medical instruments supplier’s stock, valued at approximately $534,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTD. XXEC Inc. acquired a new stake in Mettler-Toledo International during the 2nd quarter worth about $77,044,000. BlackRock Inc. purchased a new position in Mettler-Toledo International during the 2nd quarter valued at about $2,404,713,000. Bank of New York Mellon Corp acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at about $762,553,000. Norges Bank acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $520,989,000. Finally, Deutsche Bank AG purchased a new stake in shares of Mettler-Toledo International in the second quarter worth approximately $168,042,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Robert W. Baird decreased their price target on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a report on Monday, May 11th. 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 report on Friday, July 31st. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,461.27.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 240 shares of the firm’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 trade represents a 48.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International 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 sale, the chief financial officer directly owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. The trade was a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,312 shares of company stock worth $4,750,362 in the last 90 days. 0.71% of the stock is owned by insiders.

Mettler-Toledo International Trading Up 0.3%

Shares of NYSE MTD opened at $1,402.64 on Wednesday. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.88 and a beta of 1.23. The business has a 50 day simple moving average of $1,329.55 and a 200 day simple moving average of $1,273.83. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. 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 (NYSE:MTD) last issued its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $10.09 earnings per share. On average, research 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.