Diversified Trust Co has recently increased its stake in Mettler-Toledo International Inc, reflecting a growing confidence in the medical instrument supplier’s stock. According to its most recent filing with the SEC, Diversified Trust Co purchased an additional 459 shares of Mettler-Toledo International during the first quarter, bringing its total holdings to 3,372 shares. The value of these holdings stood at $5,160,000 at the time of the filing.
Mettler-Toledo International is a company that specializes in manufacturing precision instruments and providing related analytical services. Its weighing instruments are widely used in laboratory, industrial, packaging, logistics, and food retailing applications. The firm also offers automated chemistry solutions used in drug and chemical compound discovery and development.
Furthermore, end-of-line inspection systems employed in production and packaging are also among Mettler-Toledo International’s product line. These solutions find use in specific process analytics applications as well. In view of the rise in demand for such advanced precision instruments and services across different industries today, it is only natural that investors are taking a more favorable look at companies like Mettler-Toledo International.
The current market valuation of Mettler-Toledo International stands at $29.11 billion while its shares opened lower at $1,321.97 on Monday but fluctuated considerably since then due to external market conditions. The company boasts a good quick ratio of 0.86 and a robust current ratio of 1.28 which underlines its liquidity position—a key metric for any successful business especially during challenging times.
Although the company’s debt-to-equity ratio remains significantly high at 76.98; this can be seen as an opportunity for the company to stay resilient by improving operational efficiencies through cost management strategies or exploring alternative funding sources going forward thus reducing dependency on external capital.
All these factors together have contributed towards Mettler-Toledo International’s stock becoming an asset to watch and explore for the seasoned investor seeking to build a diverse and long-term portfolio that offers stability, growth potential and resilience even through economic downturns. With a P/E ratio of 33.57, PEG ratio of 2.25, and beta of 1.18, this company’s stock presents itself as a strategic investment worth considering today.
Institutional Investors Increase Holdings in Mettler-Toledo International, Inc. as Insiders Sell Off Shares
Mettler-Toledo International, Inc, a precision instruments and services provider, has recently seen changes in the holdings of its institutional investors. In the first quarter, Cambridge Investment Research Advisors Inc increased its holdings in Mettler-Toledo by 8%, Raymond James Trust N.A lifted its stake by 19.7%, and Vontobel Holding Ltd boosted its position by 48.9%. Sei Investments Co also grew its stake during this period. Prudential PLC acquired a new position in shares of Mettler-Toledo International during the same quarter. Institutional investors and hedge funds currently own 92.89% of the company’s stock.
Meanwhile, insiders have sold off their holdings over the last quarter. Gerry Keller sold 449 shares of the stock on May 23rd at an average price of $1,400.00 per share for a total transaction value of $628,600.00. CFO Shawn Vadala also sold off 880 shares of the firm’s stock on May 12th at an average price of $1,360.61 per share for a total value of $1,197,336.80.
Mettler-Toledo International is known for manufacturing weighing instruments used in laboratory, industrial, packaging and food retailing applications as well as other related analytical instruments and solutions used in drug and chemical compound discovery and development.
In terms of earnings data announced on May 4th, Mettler-Toledo International reported $8.69 earnings per share (EPS) for the quarter – beating analysts’ consensus estimates by $0.08 per share – with revenue amounting to $928.70 million compared to an estimated value of $921.19 million.
Mettler-Toledo International has been assigned ratings from several research reports but currently holds a consensus rating of “Hold” with a consensus price target at Bloomberg.com set at $1,469.50 per share.