OMERS ADMINISTRATION Corp Invests $4.57 Million in Mettler-Toledo International, Inc. $MTD

OMERS ADMINISTRATION Corp bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, Holdings Channel reports. The firm bought 3,573 shares of the medical instruments supplier’s stock, valued at approximately $4,565,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Reflection Asset Management purchased a new position in Mettler-Toledo International during the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at approximately $29,000. Finally, DV Equities LLC bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at approximately $40,000. 95.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Thomas P. Salice sold 417 shares of the stock in a transaction dated 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 sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. This represents a 58.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction dated 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 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. In the last ninety days, insiders sold 3,312 shares of company stock valued at $4,750,362. Company insiders own 0.71% of the company’s stock.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,399.02 on Tuesday. The business’s 50 day moving average price is $1,324.55 and its 200-day moving average price is $1,273.73. 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 company has a market cap of $28.04 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.87 and a beta of 1.23. 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 results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $10.09 earnings per share. Mettler-Toledo International’s revenue was up 4.5% on a year-over-year basis. Sell-side analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MTD shares. Stifel Nicolaus boosted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wells Fargo & Company increased their price objective on shares of 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. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Jefferies Financial Group boosted 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 report on Friday, July 31st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Six equities research 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 an average rating of “Hold” and an average price target of $1,461.27.

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.