J. Goldman & Co LP Makes New Investment in Mettler-Toledo International, Inc. $MTD

J. Goldman & Co LP purchased a new position in Mettler-Toledo International, Inc. (NYSE:MTD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,099 shares of the medical instruments supplier’s stock, valued at approximately $3,959,000.

A number of other large investors have also made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International in the 1st quarter valued at about $25,000. Reflection Asset Management purchased a new position in Mettler-Toledo International in the 4th quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $29,000. Finally, Root Financial Partners LLC grew its holdings in shares of Mettler-Toledo International by 45.5% during the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

MTD opened at $1,402.64 on Wednesday. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company’s 50 day simple moving average is $1,329.55 and its 200 day simple moving average is $1,273.83. The stock has a market capitalization of $28.11 billion, a PE ratio of 31.57, 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 issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. Mettler-Toledo International’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.09 earnings per share. As a group, sell-side analysts expect that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider owned 259 shares of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 of the company’s stock, valued at $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,312 shares of company stock worth $4,750,362 in the last ninety days. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTD. 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 on the stock in a research note on Monday, May 11th. Barclays lifted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Morgan Stanley increased their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. 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.com, the company currently has a consensus rating of “Hold” and a consensus 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.