Grandfield & Dodd LLC Purchases Shares of 13,736 Mettler-Toledo International, Inc. $MTD

Grandfield & Dodd LLC acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,736 shares of the medical instruments supplier’s stock, valued at approximately $17,548,000.

Several other large investors have also recently bought and sold shares of MTD. BlackRock Inc. purchased a new stake in Mettler-Toledo International during the second quarter worth approximately $2,404,713,000. Bank of New York Mellon Corp purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at about $762,553,000. Norges Bank purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at approximately $520,989,000. Deutsche Bank AG purchased a new position in Mettler-Toledo International during the 2nd quarter worth $168,042,000. Finally, M&T Bank Corp increased its position in Mettler-Toledo International by 2,813.6% during the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after purchasing an additional 119,942 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 417 shares of the company’s stock in a transaction dated 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 $420,599.72. This represents a 58.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $3,207,680.00. Following the completion of the sale, the chief financial officer owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,312 shares of company stock valued at $4,750,362 in the last 90 days. 0.71% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Down 0.1%

Shares of Mettler-Toledo International stock opened at $1,417.73 on Tuesday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The stock’s fifty day moving average is $1,298.78 and its 200-day moving average is $1,273.11. The firm has a market capitalization of $28.41 billion, a PE ratio of 31.91, a price-to-earnings-growth 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.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.03 billion. During the same period last year, the firm posted $10.09 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Jefferies Financial Group lifted their price target on shares of 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. Morgan Stanley raised their price objective on 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. Wells Fargo & Company boosted their price target on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,461.27.

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.