Wealthfront Advisers LLC purchased a new position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) during the second quarter, Holdings Channel.com reports. The firm purchased 1,593 shares of the medical instruments supplier’s stock, valued at approximately $2,035,000.
A number of other institutional investors have also recently bought and sold shares of MTD. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Mettler-Toledo International during the first quarter valued at approximately $26,372,000. Strs Ohio grew its position in 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 worth $18,672,000 after acquiring an additional 12,896 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in 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 worth $5,786,000 after acquiring an additional 1,060 shares in the last quarter. Fifth Third Bancorp increased its stake 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 purchasing an additional 3,305 shares during the last quarter. Finally, SEB Asset Management AB bought a new position in shares of Mettler-Toledo International during the 1st quarter valued at $15,889,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
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 transaction of $3,207,680.00. Following the transaction, the chief financial officer directly owned 5,579 shares in the company, valued at $7,989,128. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas P. Salice sold 417 shares of the company’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 completion of the transaction, the director owned 292 shares of the company’s stock, valued at $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,312 shares of company stock valued at $4,750,362. 0.71% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
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Mettler-Toledo International Stock Down 2.3%
Mettler-Toledo International stock opened at $1,392.94 on Friday. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. 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 firm has a fifty day moving average price of $1,314.38 and a two-hundred day moving average price of $1,273.49. The firm has a market cap of $27.91 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.93 and a beta of 1.23.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $10.09 earnings per share. As a group, analysts forecast 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.
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