Elevation Point Wealth Partners LLC Takes $524,000 Position in Mettler-Toledo International, Inc. $MTD

Elevation Point Wealth Partners LLC bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 410 shares of the medical instruments supplier’s stock, valued at approximately $524,000.

A number of other institutional investors have also made changes to their positions in the business. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Mettler-Toledo International during the first quarter worth $26,372,000. Strs Ohio raised its position in shares of Mettler-Toledo International by 2,594.8% in the fourth quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after purchasing an additional 12,896 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Mettler-Toledo International by 34.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after purchasing an additional 1,060 shares during the period. SEB Asset Management AB acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth about $15,889,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Mettler-Toledo International by 377.3% during the 1st quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock worth $5,272,000 after buying an additional 3,305 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of research reports. Wells Fargo & Company upped their price target 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 note on Monday, August 3rd. Morgan Stanley boosted their price objective on 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 target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Jefferies Financial Group increased their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Citigroup reduced 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. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,461.27.

Insider Activity

In related news, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the insider directly owned 259 shares of the company’s stock, valued at $369,629.26. This represents a 48.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,402.64 on Wednesday. The firm has a 50-day moving average price of $1,329.55 and a two-hundred day moving average price of $1,273.83. 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 market capitalization of $28.11 billion, a P/E ratio of 31.57, a P/E/G ratio of 2.88 and a beta of 1.23. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.

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 for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $10.09 earnings per share. Analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Mettler-Toledo International 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.