44,343 Shares in Mettler-Toledo International, Inc. $MTD Acquired by XXEC Inc.

XXEC Inc. acquired a new position in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 44,343 shares of the medical instruments supplier’s stock, valued at approximately $51,139,000. Mettler-Toledo International accounts for about 0.1% of XXEC Inc.’s portfolio, making the stock its 9th biggest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position in shares of Mettler-Toledo International by 83.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock worth $78,000 after purchasing an additional 30 shares during the period. Baird Financial Group Inc. grew its position in shares of Mettler-Toledo International by 3.1% during the 2nd quarter. Baird Financial Group Inc. now owns 1,347 shares of the medical instruments supplier’s stock worth $1,582,000 after buying an additional 40 shares during the period. Jump Financial LLC increased its stake in shares of Mettler-Toledo International by 44.6% in the 2nd quarter. Jump Financial LLC now owns 405 shares of the medical instruments supplier’s stock valued at $476,000 after acquiring an additional 125 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Mettler-Toledo International by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 4,035 shares of the medical instruments supplier’s stock valued at $4,740,000 after acquiring an additional 392 shares during the period. Finally, AXA S.A. boosted its stake in Mettler-Toledo International by 2.9% during the second quarter. AXA S.A. now owns 4,625 shares of the medical instruments supplier’s stock worth $5,433,000 after acquiring an additional 131 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the transaction, the chief financial officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Salice sold 417 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total value of $600,650.97. Following the transaction, the director directly owned 292 shares in the company, valued at approximately $420,599.72. The trade was a 58.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,312 shares of company stock worth $4,750,362 over the last 90 days. 0.71% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Trading Up 0.6%

MTD opened at $1,407.20 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 firm has a market capitalization of $28.20 billion, a PE ratio of 31.67, a P/E/G ratio of 2.88 and a beta of 1.23. 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’s 50-day moving average is $1,340.21 and its 200 day moving average is $1,274.17.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MTD shares. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. decreased their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Barclays upped their price target on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Wolfe Research began coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company boosted their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,461.27.

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.