Callan Family Office LLC Invests $1.15 Million in Mettler-Toledo International, Inc. $MTD

Callan Family Office LLC acquired a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 902 shares of the medical instruments supplier’s stock, valued at approximately $1,152,000.

Other large investors have also bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Mettler-Toledo International in the 1st quarter valued at approximately $26,372,000. Strs Ohio lifted its stake in Mettler-Toledo International by 2,594.8% in the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after purchasing an additional 12,896 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Mettler-Toledo International by 34.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after purchasing an additional 1,060 shares during the last quarter. SEB Asset Management AB acquired a new stake in Mettler-Toledo International in the first quarter valued at approximately $15,889,000. Finally, Fifth Third Bancorp boosted its position in Mettler-Toledo International by 377.3% in the first quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock valued at $5,272,000 after buying an additional 3,305 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. The trade was a 28.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas P. Salice sold 417 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 292 shares of the company’s stock, valued at approximately $420,599.72. The trade was a 58.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,312 shares of company stock valued at $4,750,362 in the last three months. Insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MTD. Jefferies Financial Group upped their price target on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Stifel Nicolaus raised their price objective 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. Robert W. Baird reduced their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Barclays upped their target price on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Six investment 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, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,461.27.

Mettler-Toledo International Trading Up 0.3%

Shares of NYSE MTD opened at $1,399.02 on Tuesday. The firm has a 50 day moving average price of $1,324.55 and a two-hundred day moving average price of $1,273.73. The stock has a market cap of $28.04 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS 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 analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $10.09 earnings per share. Mettler-Toledo International’s revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

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.