GSA Capital Partners LLP Acquires New Position in Mettler-Toledo International, Inc. $MTD

GSA Capital Partners LLP bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, Holdings Channel.com reports. The institutional investor bought 619 shares of the medical instruments supplier’s stock, valued at approximately $791,000.

Other large investors have also made changes to their positions in the company. Reflection Asset Management acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the 1st quarter worth $25,000. Elyxium Wealth LLC purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth $29,000. DV Equities LLC purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth $40,000. Finally, Root Financial Partners LLC boosted its position in shares of 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 acquiring an additional 10 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTD has been the topic of several recent analyst reports. 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. Wells Fargo & Company lifted their target price on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Morgan Stanley increased their target price on shares of 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. 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 research report on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1,461.27.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 240 shares of Mettler-Toledo International 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 sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value 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 $7,989,128. The trade was a 28.65% 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 valued at $4,750,362. 0.71% of the stock is currently owned by insiders.

Mettler-Toledo International Trading Down 1.3%

Shares of Mettler-Toledo International stock opened at $1,399.28 on Wednesday. The company has a fifty day simple moving average of $1,303.53 and a 200-day simple moving average of $1,273.10. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.92 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $10.09 EPS. Mettler-Toledo International’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

About Mettler-Toledo International

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.