Duality Advisers LP grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 567 shares of the medical instruments supplier’s stock after acquiring an additional 58 shares during the period. Duality Advisers LP’s holdings in Mettler-Toledo International were worth $868,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Mettler-Toledo International by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,534,104 shares of the medical instruments supplier’s stock worth $3,479,806,000 after purchasing an additional 17,826 shares during the period. FMR LLC increased its position in Mettler-Toledo International by 6.7% during the 1st quarter. FMR LLC now owns 790,755 shares of the medical instruments supplier’s stock worth $1,210,020,000 after buying an additional 49,657 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Mettler-Toledo International by 15.1% during the fourth quarter. Alliancebernstein L.P. now owns 532,108 shares of the medical instruments supplier’s stock worth $769,136,000 after buying an additional 69,852 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Mettler-Toledo International by 0.6% in the first quarter. Geode Capital Management LLC now owns 500,127 shares of the medical instruments supplier’s stock valued at $763,880,000 after acquiring an additional 2,842 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Mettler-Toledo International by 26.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier’s stock valued at $471,369,000 after acquiring an additional 67,758 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Mettler-Toledo International from $1,660.00 to $1,520.00 and set an “overweight” rating for the company in a research note on Monday, July 31st. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,454.00 to $1,366.00 in a research note on Friday, July 28th. Finally, TheStreet downgraded Mettler-Toledo International from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,470.14.
Mettler-Toledo International Trading Up 1.0 %
Shares of MTD stock opened at $1,168.70 on Monday. Mettler-Toledo International Inc. has a fifty-two week low of $1,065.55 and a fifty-two week high of $1,615.97. The stock’s fifty day moving average price is $1,242.01 and its two-hundred day moving average price is $1,354.92. The company has a debt-to-equity ratio of 76.98, a quick ratio of 0.84 and a current ratio of 1.24. The company has a market cap of $25.55 billion, a PE ratio of 29.38, a P/E/G ratio of 3.00 and a beta of 1.15.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $10.19 earnings per share for the quarter, beating the consensus estimate of $9.99 by $0.20. The business had revenue of $982.12 million for the quarter, compared to analyst estimates of $1 billion. Mettler-Toledo International had a negative return on equity of 2,136.23% and a net margin of 22.48%. Equities analysts predict that Mettler-Toledo International Inc. will post 40.63 EPS for the current fiscal year.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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.
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