XTX Topco Ltd Invests $2.49 Million in Mettler-Toledo International Inc. (NYSE:MTD)

XTX Topco Ltd purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,781 shares of the medical instruments supplier’s stock, valued at approximately $2,489,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Mettler-Toledo International during the 4th quarter worth $61,000. UBS Group AG grew its holdings in Mettler-Toledo International by 50.2% during the 4th quarter. UBS Group AG now owns 44,077 shares of the medical instruments supplier’s stock worth $53,464,000 after acquiring an additional 14,735 shares in the last quarter. Balentine LLC purchased a new position in Mettler-Toledo International during the 4th quarter valued at about $548,000. Clearbridge Investments LLC raised its holdings in shares of Mettler-Toledo International by 1.2% in the 4th quarter. Clearbridge Investments LLC now owns 27,748 shares of the medical instruments supplier’s stock valued at $33,657,000 after purchasing an additional 316 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $827,000. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MTD. Jefferies Financial Group reaffirmed an “underperform” rating and set a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group raised their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $1,356.25.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,402.69 on Thursday. The business’s 50-day simple moving average is $1,406.00 and its two-hundred day simple moving average is $1,373.84. The company has a market cap of $29.96 billion, a PE ratio of 39.34, a PEG ratio of 3.70 and a beta of 1.14. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $10.19 EPS. As a group, analysts predict that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Insider Activity

In related news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.