Canada Pension Plan Investment Board Makes New $14.77 Million Investment in Mettler-Toledo International, Inc. $MTD

Canada Pension Plan Investment Board bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, HoldingsChannel.com reports. The fund bought 11,562 shares of the medical instruments supplier’s stock, valued at approximately $14,771,000.

A number of other large investors also recently modified their holdings of MTD. Reflection Asset Management acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the 1st quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International during the 2nd quarter worth $26,000. Elyxium Wealth LLC acquired a new position in Mettler-Toledo International during the 4th quarter worth $29,000. Finally, DV Equities LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at $40,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. cut their price target on 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. Stifel Nicolaus raised their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Barclays lifted their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,461.27.

Mettler-Toledo International Stock Down 0.7%

Mettler-Toledo International stock opened at $1,397.03 on Friday. The firm has a market capitalization of $28.00 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.89 and a beta of 1.23. The company’s 50 day simple moving average is $1,345.25 and its 200 day simple moving average is $1,275.03. 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.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS 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 net margin of 21.91% and a negative return on equity of 1,212.14%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.09 earnings per share. As a group, sell-side analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Insider Activity

In other news, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 5,579 shares of the company’s stock, valued at $7,989,128. The trade was a 28.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $600,650.97. Following the completion of the sale, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,312 shares of company stock valued at $4,750,362 in the last quarter. Company insiders own 0.71% of the company’s stock.

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.