AlphaQuest LLC Raises Position in Mettler-Toledo International Inc. (NYSE:MTD)

AlphaQuest LLC raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,047 shares of the medical instruments supplier’s stock after purchasing an additional 20 shares during the period. AlphaQuest LLC’s holdings in Mettler-Toledo International were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MTD. QRG Capital Management Inc. raised its position in Mettler-Toledo International by 9.1% during the third quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier’s stock valued at $573,000 after purchasing an additional 32 shares during the period. CWA Asset Management Group LLC purchased a new stake in Mettler-Toledo International during the third quarter valued at approximately $1,428,000. Verdence Capital Advisors LLC raised its position in Mettler-Toledo International by 18.8% during the third quarter. Verdence Capital Advisors LLC now owns 202 shares of the medical instruments supplier’s stock valued at $303,000 after purchasing an additional 32 shares during the period. Assetmark Inc. raised its position in Mettler-Toledo International by 14.1% during the third quarter. Assetmark Inc. now owns 437 shares of the medical instruments supplier’s stock valued at $655,000 after purchasing an additional 54 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in Mettler-Toledo International by 2.6% during the third quarter. Axxcess Wealth Management LLC now owns 815 shares of the medical instruments supplier’s stock valued at $1,222,000 after purchasing an additional 21 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Up 1.6 %

Shares of NYSE MTD opened at $1,292.69 on Monday. The business has a fifty day simple moving average of $1,293.77 and a two-hundred day simple moving average of $1,323.34. The firm has a market cap of $27.04 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MTD shares. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Citigroup reduced their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Evercore ISI increased their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Wolfe Research started coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,380.50.

Mettler-Toledo International Company Profile

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.