Corient Private Wealth LP Invests $33.59 Million in Mettler-Toledo International, Inc. $MTD

Corient Private Wealth LP acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 26,295 shares of the medical instruments supplier’s stock, valued at approximately $33,591,000.

Several other hedge funds have also added to or reduced their stakes in the business. Reflection Asset Management acquired a new position in Mettler-Toledo International in the fourth quarter valued at about $26,000. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the first quarter worth about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the second quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $29,000. Finally, DV Equities LLC bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 240 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the transaction, the insider owned 259 shares in the company, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the transaction, the chief financial officer directly owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,312 shares of company stock valued at $4,750,362 over the last 90 days. 0.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on MTD. Robert W. Baird lowered their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company lifted their price target on shares of 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. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. lowered 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. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. 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 MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,461.27.

Mettler-Toledo International Stock Up 0.6%

Shares of Mettler-Toledo International stock opened at $1,407.20 on Friday. The business’s 50 day simple moving average is $1,340.21 and its 200 day simple moving average is $1,274.17. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The firm has a market cap of $28.20 billion, a PE ratio of 31.67, a P/E/G ratio of 2.88 and a beta of 1.23. 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 released 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. 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 prior year, the firm posted $10.09 EPS. On average, analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

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.