Legal & General Group Plc Buys New Position in Mettler-Toledo International, Inc. $MTD

Legal & General Group Plc acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTDFree Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 179,163 shares of the medical instruments supplier’s stock, valued at approximately $228,883,000.

Several other large investors have also added to or reduced their stakes in the business. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $25,000. Reflection Asset Management acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Mettler-Toledo International in the second quarter worth approximately $26,000. Elyxium Wealth LLC bought a new position in Mettler-Toledo International in the fourth quarter worth approximately $29,000. Finally, Root Financial Partners LLC grew its stake in Mettler-Toledo International by 45.5% in the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock valued at $40,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the transaction, the insider owned 259 shares in the company, valued at $369,629.26. This represents a 48.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas P. Salice sold 417 shares of the firm’s stock in a transaction 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 sale, the director directly owned 292 shares of the company’s stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,312 shares of company stock valued at $4,750,362. Insiders own 0.71% of the company’s stock.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,401.16 on Thursday. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The company’s 50 day moving average price is $1,334.97 and its two-hundred day moving average price is $1,273.95. The stock has a market cap of $28.08 billion, a P/E ratio of 31.54, 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:MTDGet Free Report) last released its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) 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 negative return on equity of 1,212.14% and a net margin of 21.91%.Mettler-Toledo International’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $10.09 earnings per share. On average, equities analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. 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. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. 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. Finally, Robert W. Baird reduced their price objective on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Six 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 stock presently has a consensus rating of “Hold” and an average price target of $1,461.27.

Check Out Our Latest Stock Analysis on MTD

About Mettler-Toledo International

(Free Report)

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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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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