Assetmark Inc. Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Assetmark Inc. boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 14.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 437 shares of the medical instruments supplier’s stock after purchasing an additional 54 shares during the quarter. Assetmark Inc.’s holdings in Mettler-Toledo International were worth $655,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $25,000. Blue Trust Inc. grew its stake in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at $42,000. Itau Unibanco Holding S.A. purchased a new position in Mettler-Toledo International in the second quarter valued at $42,000. Finally, Crewe Advisors LLC boosted its holdings in Mettler-Toledo International by 244.4% in the second quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock valued at $43,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 4.7 %

MTD stock opened at $1,179.58 on Friday. Mettler-Toledo International Inc. has a 52-week low of $1,041.49 and a 52-week high of $1,546.93. The stock’s fifty day simple moving average is $1,385.96 and its 200-day simple moving average is $1,400.67. The stock has a market capitalization of $24.89 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 4.16 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MTD shares. Wells Fargo & Company decreased 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, November 11th. Evercore ISI boosted their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Robert W. Baird cut their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,338.75.

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.94% of the company’s stock.

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.