7,602 Shares in Mettler-Toledo International, Inc. $MTD Acquired by Sone Capital Management LLC

Sone Capital Management LLC purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,602 shares of the medical instruments supplier’s stock, valued at approximately $9,712,000.

Several other hedge funds have also added to or reduced their stakes in MTD. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Mettler-Toledo International in the 1st quarter valued at about $26,372,000. Strs Ohio increased its stake in shares of Mettler-Toledo International by 2,594.8% during the fourth quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock worth $18,672,000 after purchasing an additional 12,896 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Mettler-Toledo International by 34.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock worth $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 during the 1st quarter worth approximately $15,889,000. Finally, Fifth Third Bancorp boosted its stake in Mettler-Toledo International by 377.3% in the 1st quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock valued at $5,272,000 after purchasing an additional 3,305 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of research reports. Wolfe Research started coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Robert W. Baird decreased their price target on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,461.27.

Mettler-Toledo International Trading Up 0.3%

Shares of NYSE:MTD opened at $1,399.02 on Tuesday. The business’s 50 day simple moving average is $1,324.55 and its 200 day simple moving average is $1,273.73. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The company has a market capitalization of $28.04 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.87 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share 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 analysts’ expectations 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 company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.09 EPS. On average, research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 5,579 shares in the company, valued at $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas P. Salice sold 417 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 292 shares in the company, valued at approximately $420,599.72. This represents a 58.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,312 shares of company stock worth $4,750,362. 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.