Plato Investment Management Ltd Invests $1.37 Million in Mettler-Toledo International, Inc. $MTD

Plato Investment Management Ltd purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,081 shares of the medical instruments supplier’s stock, valued at approximately $1,373,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International during the 1st quarter worth $25,000. Reflection Asset Management acquired a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new position in Mettler-Toledo International during the fourth quarter worth $29,000. Root Financial Partners LLC raised its position in shares of Mettler-Toledo International by 45.5% in the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after acquiring an additional 10 shares in the last quarter. Finally, DV Equities LLC acquired a new position in Mettler-Toledo International in the fourth quarter valued at approximately $40,000. 95.07% of the stock is currently owned by institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the sale, the director directly owned 292 shares in the company, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction 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 directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold 3,312 shares of company stock worth $4,750,362 over the last ninety days. 0.71% of the stock is owned by corporate insiders.

Mettler-Toledo International Trading Down 0.1%

MTD stock opened at $1,417.73 on Tuesday. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The company 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’s 50 day moving average price is $1,298.78 and its two-hundred day moving average price is $1,273.11. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion during 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 business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.09 earnings per share. As a group, analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MTD shares. Stifel Nicolaus increased their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price objective 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 report on Monday, May 11th. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Jefferies Financial Group upped their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock 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 stock. According to data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $1,461.27.

About Mettler-Toledo International

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.