Saudi Central Bank Has $1.82 Million Position in Mettler-Toledo International, Inc. $MTD

Saudi Central Bank increased its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 88.7% during the second quarter, Holdings Channel.com reports. The fund owned 1,423 shares of the medical instruments supplier’s stock after buying an additional 669 shares during the period. Saudi Central Bank’s holdings in Mettler-Toledo International were worth $1,818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meridian Wealth Management LLC lifted its position in shares of Mettler-Toledo International by 1.7% in the 4th quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after purchasing an additional 8 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Mettler-Toledo International by 2.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock valued at $421,000 after buying an additional 8 shares during the period. Values First Advisors Inc. boosted its position in Mettler-Toledo International by 1.3% during the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after acquiring an additional 8 shares during the last quarter. Torray Investment Partners LLC grew its holdings in Mettler-Toledo International by 0.5% during the 1st quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock worth $2,115,000 after acquiring an additional 8 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Mettler-Toledo International by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 927 shares of the medical instruments supplier’s stock valued at $1,181,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Trading Down 1.5%

Shares of Mettler-Toledo International stock opened at $1,325.47 on Wednesday. The firm has a market cap of $26.56 billion, a PE ratio of 29.83, a P/E/G ratio of 2.70 and a beta of 1.22. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. 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 stock has a fifty day moving average price of $1,364.27 and a 200-day moving average price of $1,273.69.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results 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 company had revenue of $1.03 billion during 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 firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.09 earnings per share. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Royal Bank Of Canada initiated coverage on Mettler-Toledo International in a research report on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 target price for the company. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Finally, Jefferies Financial Group boosted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,445.31.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the completion of the sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction on 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 owned 5,579 shares in the company, valued at approximately $7,989,128. The trade was a 28.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,254 shares of company stock valued at $6,092,712 over the last quarter. 0.71% of the stock is currently owned by insiders.

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.