Jupiter Topco LLC Acquires Shares of 2,693 Mettler-Toledo International, Inc. $MTD

Jupiter Topco LLC acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTDFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,693 shares of the medical instruments supplier’s stock, valued at approximately $3,445,000.

A number of other large investors also recently modified their holdings of MTD. XXEC Inc. acquired a new position in Mettler-Toledo International during the second quarter worth $77,044,000. BlackRock Inc. acquired a new position in shares of Mettler-Toledo International during the second quarter valued at about $2,404,713,000. Capital International Investors grew its holdings in shares of Mettler-Toledo International by 12.7% during the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock valued at $1,351,064,000 after buying an additional 109,508 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Mettler-Toledo International by 0.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier’s stock worth $964,174,000 after acquiring an additional 3,157 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Mettler-Toledo International by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock worth $830,879,000 after acquiring an additional 14,106 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MTD. Wells Fargo & Company lifted their price target on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Jefferies Financial Group raised their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a report on Friday, July 31st. Citigroup decreased their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a report on Friday, May 8th. Royal Bank Of Canada began coverage on Mettler-Toledo International in a research report on Tuesday. They issued a “sector perform” rating and a $1,515.00 price target for the company. Finally, Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,465.75.

Get Our Latest Stock Report on Mettler-Toledo International

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction that occurred 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 sale, the chief financial officer owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. The trade was a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas P. Salice sold 417 shares of the 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 transaction, the director directly owned 292 shares of the company’s stock, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Down 2.2%

Shares of NYSE:MTD opened at $1,374.47 on Wednesday. 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 market capitalization of $27.54 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 2.89 and a beta of 1.22. The business has a fifty day moving average price of $1,354.48 and a two-hundred day moving average price of $1,274.20. 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 (NYSE:MTDGet Free Report) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share 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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $10.09 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

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.

See Also

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

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