Oxbow Advisors LLC bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,328 shares of the medical instruments supplier’s stock, valued at approximately $6,807,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the first quarter valued at $25,000. Reflection Asset Management bought a new stake in Mettler-Toledo International during the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in Mettler-Toledo International during the fourth quarter worth about $29,000. Root Financial Partners LLC boosted its holdings in shares of Mettler-Toledo International by 45.5% in the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 10 shares in the last quarter. Finally, DV Equities LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth about $40,000. Institutional investors own 95.07% of the company’s stock.
Insider Buying and Selling
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 transaction of $3,207,680.00. Following the transaction, the chief financial officer owned 5,579 shares in the company, valued at $7,989,128. The trade was a 28.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Salice sold 417 shares of the company’s 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 of the company’s stock, valued at $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 valued at $4,750,362 over the last ninety days. 0.71% of the stock is owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Research Report on Mettler-Toledo International
Mettler-Toledo International Trading Down 1.3%
NYSE:MTD opened at $1,399.28 on Wednesday. The firm has a market capitalization of $28.04 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.92 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. The company has a fifty day moving average of $1,303.53 and a 200 day moving average of $1,273.10. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last announced 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 net margin of 21.91% and a negative return on equity of 1,212.14%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm earned $10.09 EPS. The company’s revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.
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.
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