UBS Group AG Buys 14,342 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Posted by on May 15th, 2023

UBS Group AG grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 90.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,283 shares of the medical instruments supplier’s stock after acquiring an additional 14,342 shares during the period. UBS Group AG owned about 0.14% of Mettler-Toledo International worth $43,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Greenleaf Trust boosted its holdings in Mettler-Toledo International by 1.0% in the 3rd quarter. Greenleaf Trust now owns 717 shares of the medical instruments supplier’s stock worth $777,000 after buying an additional 7 shares during the period. Albert D Mason Inc. boosted its holdings in Mettler-Toledo International by 0.5% in the 4th quarter. Albert D Mason Inc. now owns 1,517 shares of the medical instruments supplier’s stock worth $2,193,000 after buying an additional 7 shares during the period. Allworth Financial LP boosted its holdings in Mettler-Toledo International by 43.8% in the 4th quarter. Allworth Financial LP now owns 23 shares of the medical instruments supplier’s stock worth $33,000 after buying an additional 7 shares during the period. Fulton Bank N.A. boosted its holdings in Mettler-Toledo International by 0.7% in the 4th quarter. Fulton Bank N.A. now owns 1,227 shares of the medical instruments supplier’s stock worth $1,773,000 after buying an additional 8 shares during the period. Finally, CVA Family Office LLC boosted its holdings in Mettler-Toledo International by 53.3% in the 3rd quarter. CVA Family Office LLC now owns 23 shares of the medical instruments supplier’s stock worth $25,000 after buying an additional 8 shares during the period. 91.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Olivier A. Filliol sold 1,300 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $1,476.74, for a total value of $1,919,762.00. Following the completion of the sale, the director now owns 3,403 shares in the company, valued at $5,025,346.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Mettler-Toledo International news, Director Olivier A. Filliol sold 1,300 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $1,476.74, for a total value of $1,919,762.00. Following the completion of the sale, the director now owns 3,403 shares in the company, valued at $5,025,346.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert F. Spoerry sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $1,565.00, for a total value of $1,565,000.00. Following the completion of the transaction, the director now directly owns 6,548 shares of the company’s stock, valued at approximately $10,247,620. The disclosure for this sale can be found here. Insiders sold a total of 15,656 shares of company stock worth $22,727,829 over the last quarter. 2.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTD. 51job reaffirmed a “maintains” rating on shares of Mettler-Toledo International in a report on Monday, May 8th. Wells Fargo & Company dropped their price target on Mettler-Toledo International from $1,675.00 to $1,660.00 in a research report on Monday, May 8th. Citigroup lifted their price target on Mettler-Toledo International from $1,350.00 to $1,525.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. TheStreet upgraded Mettler-Toledo International from a “c+” rating to a “b-” rating in a research report on Thursday, February 2nd. Finally, StockNews.com initiated coverage on Mettler-Toledo International in a research report on Thursday, March 16th. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,469.50.

Mettler-Toledo International Trading Up 2.6 %

NYSE MTD opened at $1,383.55 on Monday. The firm has a market capitalization of $30.47 billion, a PE ratio of 35.13, a P/E/G ratio of 2.29 and a beta of 1.17. The company has a quick ratio of 0.86, a current ratio of 1.28 and a debt-to-equity ratio of 76.98. Mettler-Toledo International Inc. has a twelve month low of $1,065.55 and a twelve month high of $1,615.97. The stock’s 50 day moving average is $1,488.58 and its 200 day moving average is $1,470.33.

Mettler-Toledo International (NYSE:MTD – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The medical instruments supplier reported $8.69 EPS for the quarter, beating analysts’ consensus estimates of $8.61 by $0.08. The company had revenue of $928.70 million during the quarter, compared to analysts’ expectations of $921.19 million. Mettler-Toledo International had a negative return on equity of 4,833.51% and a net margin of 22.45%. Mettler-Toledo International’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.87 earnings per share. Research analysts forecast that Mettler-Toledo International Inc. will post 43.9 earnings per share for the current fiscal year.

Mettler-Toledo International Company Profile

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Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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