413 Mettler-Toledo International, Inc. $MTD Shares Purchased by Grandfield & Dodd LLC

Grandfield & Dodd LLC lifted its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 3.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 14,149 shares of the medical instruments supplier’s stock after acquiring an additional 413 shares during the quarter. Grandfield & Dodd LLC’s holdings in Mettler-Toledo International were worth $21,378,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International during the 1st quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International in the 2nd quarter worth $26,000. Transamerica Financial Advisors LLC bought a new stake in Mettler-Toledo International in the second quarter worth $32,000. Root Financial Partners LLC lifted its stake in Mettler-Toledo International by 45.5% in the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 10 shares during the last quarter. Finally, Principia Wealth Advisory LLC lifted its stake in Mettler-Toledo International by 2,050.0% in the second quarter. Principia Wealth Advisory LLC now owns 43 shares of the medical instruments supplier’s stock worth $55,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,676.02 on Friday. The firm has a market cap of $33.59 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 3.37 and a beta of 1.19. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,728.66. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The company’s fifty day simple moving average is $1,494.69 and its two-hundred day simple moving average is $1,340.07.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS 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 the consensus estimate of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.09 earnings per share. As a group, equities analysts expect that Mettler-Toledo International, Inc. will post 47.38 EPS for the current year.

Insider Activity

In related news, Director Thomas Salice sold 417 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the transaction, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. This represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,254 shares of company stock valued at $6,092,712. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Royal Bank Of Canada began coverage on Mettler-Toledo International in a research note on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 target price for the company. Wells Fargo & Company increased their target price on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Finally, Stifel Nicolaus increased their target price 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. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,469.15.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.