Metis Global Partners LLC Purchases 131 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Metis Global Partners LLC raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 7.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,833 shares of the medical instruments supplier’s stock after acquiring an additional 131 shares during the quarter. Metis Global Partners LLC’s holdings in Mettler-Toledo International were worth $2,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Mettler-Toledo International by 69.9% in the first quarter. Janney Montgomery Scott LLC now owns 440 shares of the medical instruments supplier’s stock worth $586,000 after buying an additional 181 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Mettler-Toledo International by 15.5% during the 1st quarter. Empowered Funds LLC now owns 269 shares of the medical instruments supplier’s stock worth $358,000 after acquiring an additional 36 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Mettler-Toledo International by 5.6% during the 1st quarter. QRG Capital Management Inc. now owns 320 shares of the medical instruments supplier’s stock valued at $426,000 after acquiring an additional 17 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Mettler-Toledo International by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 659 shares of the medical instruments supplier’s stock worth $877,000 after purchasing an additional 32 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Mettler-Toledo International by 18.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,212 shares of the medical instruments supplier’s stock worth $33,564,000 after purchasing an additional 3,853 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now directly owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,239.13 on Friday. The firm has a market cap of $26.15 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 4.16 and a beta of 1.16. The firm has a fifty day moving average price of $1,388.91 and a 200 day moving average price of $1,401.80. Mettler-Toledo International Inc. has a fifty-two week low of $1,039.01 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. As a group, research analysts predict that Mettler-Toledo International Inc. will post 40.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MTD. Wells Fargo & Company cut their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday. Robert W. Baird reduced their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a report on Monday. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,338.75.

About Mettler-Toledo International

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.