Korea Investment CORP Takes $2.03 Million Position in Mettler-Toledo International, Inc. $MTD

Korea Investment CORP bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTDFree Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 1,589 shares of the medical instruments supplier’s stock, valued at approximately $2,030,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. EP Wealth Advisors LLC acquired a new stake in Mettler-Toledo International in the 2nd quarter valued at $455,000. Callan Family Office LLC acquired a new position in Mettler-Toledo International during the second quarter worth $1,152,000. Keating Financial Advisory Services Inc. purchased a new position in Mettler-Toledo International during the second quarter valued at $84,000. OneAscent Investment Solutions LLC purchased a new position in Mettler-Toledo International during the second quarter valued at $262,000. Finally, Patron Partners LLC acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at about $1,027,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note 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 on the stock in a research note on Monday, May 11th. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,461.27.

View Our Latest Report on Mettler-Toledo International

Mettler-Toledo International Trading Up 0.3%

Shares of MTD opened at $1,399.02 on Tuesday. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The stock has a market cap of $28.04 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The firm’s fifty day moving average is $1,324.55 and its two-hundred day moving average is $1,273.73. 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 issued its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $10.09 earnings per share. Research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction that occurred on 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 292 shares in the company, 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. In the last quarter, insiders sold 3,312 shares of company stock valued at $4,750,362. Corporate insiders own 0.71% of the company’s stock.

Mettler-Toledo International Company Profile

(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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